Movement Alert|Direxion Daily MU Bull 2X Shares Rises 8.3% in Regular Trading, Memory Super Cycle Intensifies as DRAM/NAND Prices Surge 20-30% QoQ

Market Focus
Sep 21

On September 21, Direxion Daily MU Bull 2X Shares rose 8.3% in regular trading, trading at $36.15/share, with turnover of $311 million. As a 2x leveraged ETF tracking Micron Technology, the fund amplified gains from its underlying stock, which rose over 3% to a new high amid accelerating memory pricing momentum.

On the news front, Q3 DRAM and NAND contract prices surged 20-30% quarter-over-quarter, with hyperscale customers already signing agreements to accept further price increases for Q1 next year. Bank of America raised its DRAM average selling price forecast for 2027-2028 by 8-12% and NAND by 2-3%, while lifting its 2030 global memory total addressable market estimate from $1.8 trillion to $2.0 trillion, projecting a 21% CAGR for combined DRAM and NAND sales from 2027 to 2030. Additionally, Micron executives warned that meaningful new supply capacity will not begin ramping until 2028, reinforcing the structural supply shortage narrative. Micron is scheduled to report earnings on September 30, with market consensus expecting EPS of $31.24, a significant increase from the prior quarter.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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