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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 sentiment across AI and semiconductor names.
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 affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.
LongPoint expects to launch three ETFs - AMDU, MUU, ORBU New Savvy ETFs provide two times leveraged long exposure to AMD, Micron, and SpaceX LongPoint is a Canadian owned and operated ETF provider Toronto, Ontario--(Newsfile Corp. - June 15, 2026) - LongPoint Asset Management Inc. ("LongPoint") is proud to announce the launch of three new Savvy Double Leveraged Single Stock ETFs on the Toronto Stock Exchange (the "TSX") on Wednesday, June 17, 2026. The SavvyLong (2X) AMD ETF ("AMDU") offers two times leveraged long exposure to Advanced Micro Devices, Inc., the SavvyLong (2X) Micron ETF ("MUU") offers two times leveraged long exposure to Micron Technology, Inc., and the SavvyLong (2X) SpaceX ETF ("ORBU") offers two times leveraged long exposure to Space Exploration Technologies Corporation.
Once-hot Micron (MU) is proving vulnerable to a recent uptick in volatility weighing on the artificial intelligence (AI) trade. As of late Wednesday, shares of the memory chipmaker were off 16.55% over the past week and following a recent flirtation with $1,100, the stock is clinging to $900.
New York, New York, June 10, 2026 (GLOBE NEWSWIRE) -- Forward Splits of Two ETFs, Reverse Splits of Seven ETFs Direxion has announced 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 affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below. Forward Splits After the close of the markets on July 14, 2026 (the “Payable Date”), each Fund noted in the table below will effect a forward split of its issued and outstanding shares as follows:
If you held Direxion Daily MU Bull 2X Shares (NYSEARCA:MUU) into Friday's close, you watched the fund shed 26.65% in a single session, which is what 2x daily leverage does when its underlying has its worst day in years.
SEC filings for MUU aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.