This Micron ETF Lost Half its Value In a Month, but Is Still Up Almost 2,500% in a Year
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 infrastr