The semiconductor sector is experiencing a surge in investor interest, driven by optimistic forecasts for 2025. J.P. Morgan has highlighted Broadcom, Marvell, and Analog Devices as top picks in the semiconductor industry, citing the rapid expansion of the application-specific integrated circuit market fueled by the growth of artificial intelligence. This positive sentiment is contributing to increased investor confidence in semiconductor stocks, including those tracked by the Direxion Daily TSM Bull 2X Shares ETF.
The Direxion Daily TSM Bull 2X Shares ETF (TSMX) rose to $32.13, marking a 3.88% increase as of 11:30 AM ET on December 18th.