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The Direxion Daily MU Bull 2X ETF is rated HOLD, pending a clear technical breakout in Micron Technology. MUU's extraordinary 2,510% one-year return is path-dependent and vulnerable to volatility drag during sideways or choppy markets. Micron's fundamentals remain robust, driven by HBM4 production, Nvidia's Vera Rubin ramp, and persistent memory shortages.

Micron Technology Inc (NASDAQ:MU) is back above the $1,000 mark, extending a 2026 rally that has made the memory-chip stock one of the market's hottest AI trades, keeping its leveraged ETF counterparts firmly in the spotlight.

The Direxion Daily MU Bull 2X Shares (NYSE:MUU) jumped 38% on Thursday as a broad rally in semiconductor stocks lifted Micron Technology, Inc (NASDAQ:MU) stock almost 18%. The chip sector advanced after Microsoft Corp (NASDAQ:MSFT) reported stronger-than-expected earnings that reinforced confidence in AI infrastructure spending, while Lam Research Corp (NASDAQ:LRCX) posted upbeat results and guidance, boosting…

Micron remains a 2026 winner despite a sharp post-earnings plunge, with a bullish outlook on the Direxion Daily MU Bull 2X ETF. MUU targets 200% of MU's daily performance; I see upside to $950–$1,000 if MU rebounds toward $1,150, contingent on technical momentum. MU's Q3 delivered 346% YoY revenue growth and record EPS, but technical profit-taking — not fundamentals — drove the recent 30% drawdown.

New York, United States, June 26, 2026 (GLOBE NEWSWIRE) -- Direxion to Split Nine ETFs New York, United States, June 26th, 2026, NewsDirect Corrected CUSIPs for TECS and SOXS Direxion announced on June 10, 2026 it will execute forward share splits for two of its exchange-traded funds (“ETFs”), as well as reverse share splits for an additional seven ETFs. The total market value of the shares outstanding will not be…