LINT·Direxion Daily INTC Bull 2X ETF

LINT (Direxion Daily INTC Bull 2X ETF) is a fund giving 2x daily leveraged exposure to Intel Corp (INTC). On November 5, Intel announced it would supply hardware‑backed security for Atsign’s EdgeAI platform, using its Xeon processors to provide high‑throughput data handling and device‑level encryption at the network edge. That same day the company issued a weak fourth‑quarter sales outlook of $15‑$16 billion, below the $17 billion consensus, which triggered a 10 % decline in its shares. The drop was amplified by a broader semiconductor sell‑off that saw trading volumes surge and investor anxiety rise. Earlier that day, the Wall Street Journal reported that fears of new U.S. AI regulation had caused a sector‑wide sell‑off, with Intel shares falling 8 % alongside declines in AMD and NVIDIA. In the same week, Intel CEO Lip‑Bu Tan purchased 150,000 shares at an average price of $64.73, only to sell them at a paper loss of about $4.8 million by the close of November 4. The insider transaction occurred amid a broader market pullback that had seen the stock fall nearly 50 % over the past month.