Why Direxion Micron Bull 2X (MUU) fell 7.48%
Direxion Micron Bull 2X (MUU) fell 7.48% on November 13, 2026 — Nvidia's slide drags chips; Micron 2× amplifies.
What happened
Micron fell 3.8% as the chipmaker selloff, led by Nvidia's slide, dragged the S&P 500 and Nasdaq lower. This 2× Micron fund fell 7.5% in the same session.
Why it moved
The fund targets roughly 2× Micron's daily move, so the sector-driven drop in Micron was roughly doubled in the fund. The amplification comes from the fund's structure, not from any new Micron event.
Why it matters
Micron is the bellwether of the AI Memory theme, where AI server demand has been lifting DRAM and HBM pricing for months. Leveraged products on it magnify the group's sentiment swings in both directions.
What would break the thesis
A recovery in chip leadership would lift Micron and reverse the fund's move. Because the product is 2× daily, choppy sessions can erode value even if the trend holds.