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Direxion Daily MSFT Bull 2X Shares ETF (MSFU) has performed well, delivering triple-digit total returns over the past seven quarters since inception. Leveraged ETFs like MSFU come with significant risks, including daily resets that can lead to volatility drag and erosion of net assets. Using momentum indicators like Relative Strength Index and On Balance Volume can help investors navigate entry and exit points for MSFU positions to maximize gains and mitigate risks.
Microsoft Corp MSFT managed to stave off the Monday morning blues, poking its head above parity against Friday's close. On the other hand, semiconductor juggernaut NVIDIA Corp NVDA wasn't so lucky, slipping around 5% versus its previous end-of-session price.
To stay competitive with their peers, big tech companies will need to continue leveraging the capabilities of artificial intelligence (AI). Given this competitive landscape, an alternate play on AI could be single-stock exchange-traded funds (ETFs) in companies like Microsoft.
Microsoft recently hired key leadership to bolster its artificial intelligence (AI) research team, which should add a certain degree of bullishness to the stock. That said, traders may want to play the upside with the Direxion Daily MSFT Bull 1.5X Shares (MSFU) to get an extra 50% dose of leverage.
The hype around the investment theme of artificial intelligence (AI) doesn't appear to be relenting soon, either as a long-term growth option or a short-term opportunity. Either way, traders can consider playing the trend with the Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF (UBOT).
Software giant Microsoft continues to provide more fuel to propel the big tech rally as the company beat analysts' expectations. One of the catalysts for big tech will be the adoption of artificial intelligence (AI).
Up just over 40% for the year, Microsoft is narrowly outpacing the broader big tech rally with the Nasdaq-100 up around 38%. The software giant could keep riding the wave, giving bullish traders opportunities in the Direxion Daily MSFT Bull 1.5X Shares (MSFU).
Investment firm Wedbush Securities is effusive in its praise for Microsoft, reiterating an “outperform” rating for the software company. This should give bullish traders some fodder to raise the stakes on their bets on Microsoft moving forward as big tech continues to rebound from last year.
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