Big Tech Stocks Drive Leveraged ETF Gains Amid Strong Earnings

Last week was marked by strong performances from several top stocks, leading to gains in their corresponding leveraged ETFs.

The S&P 500 rose by 1.1%, while the Dow Jones Industrial Average and Nasdaq-100 Index added 1% and 0.5%, respectively.

A notable standout was Microsoft (MSFT), which surged 19% after beating earnings-per-share and revenue estimates, driven by strong Azure growth and AI demand.

Leveraged ETFs tracking MSFT, AXTI, PATH, and AMZN saw significant gains, with the Direxion Daily MSFT Bull 2X ETF (MSFU) rising by 38.9%, the AXT Tradr 2X Long AXTI Daily ETF (AXTX) increasing by 35.4%, the UiPathTradr 2X Long PATH Daily ETF (PATX) advancing by 32.6%, and the GraniteShares 2x Long AMZN Daily ETF (AMZZ) growing by 31.0%.