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This Direxion fund, the Daily AMD Bull 2X ETF, aims to produce daily investment returns that are double (200%) the performance of Advanced Micro Devices, Inc. (AMD) common stock. In contrast, the Direxion Daily AMD Bear 1X ETF is structured to yield daily results that track 100% of the opposite movement of AMD shares. Both of these objectives are measured prior to the deduction of any fees and expenses.

Confirming a prominent perch of its own in the artificial intelligence (AI) semiconductor space, Advanced Micro Devices (AMD) is up more than 90% this year and has more than quadrupled in value over of the past year. As the company's latest quarterly earnings update confirms, AI compute demand is through the roof.

Semiconductor stocks haven't been immune to retrenchment in the artificial intelligence (AI) trade and sector rotation. Just look at Advanced Micro Devices (AMD), which is off more than 7% since the start of the year.

Direxion Daily AMD Bull 2X Shares (NASDAQ: AMUU - Get Free Report) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 165,117 shares, a decrease of 16.0% from the February 12th total of 196,625 shares. Based on an average daily volume of 143,144 shares,

Taiwan Semiconductor Manufacturing (TSM) delivered strong results last week while telling investors it expects 2026 sales to surge 30%, confirming the theme of artificial intelligence (AI) spending is alive and well. The world's largest semiconductor foundry operator also signaled robust margin expansion.

Direxion Daily AMD Bull 2X Shares (NASDAQ: AMUU - Get Free Report) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 25,657 shares, a drop of 79.8% from the December 15th total of 127,011 shares. Based on an average daily trading volume, of 81,820