The Direxion Daily TSM Bull 2X Shares ETF, which tracks the performance of Taiwan Semiconductor Manufacturing Company (TSMC), is experiencing downward pressure due to several factors impacting the semiconductor industry. On December 24, 2024, Intel's Arrow Lake desktop chips received mixed reviews, with efficiency gains overshadowed by erratic gaming performance. This has led to concerns about Intel's ability to regain CPU market share in a sluggish PC-growth environment, which indirectly affects TSMC as a major supplier in the semiconductor supply chain. Additionally, the global PC market continues to struggle with a post-pandemic demand slump, with third-quarter shipments dipping slightly y/y, further dampening sentiment in the semiconductor sector.
The current price of the Direxion Daily TSM Bull 2X Shares ETF is $32.11, reflecting a 2.07% decrease from the previous close of $32.79.