The Direxion Daily AAPL Bull 1.5X Shares (AAPU) ETF closed up 4.08% at $31.91 on February 4, driven by a 1.90% rise in Apple Inc.'s stock to $232.35. Apple's stock gained momentum following BofA Global Research's reaffirmation of its "Buy" rating, highlighting a robust 18% y/y increase in global App Store revenue, with significant growth in China and the Productivity app category. The surge in App Store revenue, particularly the 48% y/y rise in the Productivity segment fueled by ChatGPT, has bolstered investor confidence. Additionally, the broader tech sector saw gains, with the Nasdaq 100 rising 1.1% and the S&P 500 up 0.72%, as investors looked past trade tensions and focused on strong corporate earnings.