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Why is AAPU Up Today After Tech Rebound

The Direxion Daily AAPL Bull 1.5X Shares (AAPU) surged 7.19% to close at $33.56 on January 28, as Apple Inc. (AAPL) shares climbed 3.61% to $238.16, marking its largest one-day percentage gain since June. The rally in Apple's stock was fueled by a broader rebound in big tech firms, which had previously faced pressure due to concerns over competition from a Chinese AI startup, DeepSeek. The Nasdaq 100 rose 1.4%, reflecting the tech sector's recovery. Additionally, anticipation for Apple's upcoming earnings report for its fiscal Q1 2025, despite stagnating revenue growth, has kept investor sentiment positive. Analysts maintain a buy rating on Apple, with expectations for new product releases and software updates in the coming months.