Micron Technology Inc (NASDAQ:MU) became a trillion-dollar company after soaring 19.2% in regular trading on Tuesday. The stock extended its gain by 5.7% in the overnight session.
This historic rally has driven remarkable gains in Micron-heavy ETFs – GraniteShares 2x Long MU Daily ETF (NASDAQ:MULL) and Direxion Daily MU Bull 2X ETF (NASDAQ:MUU).
GraniteShares 2x Long MU Daily ETF
MULL seeks two times (200%) the performance of the share price of MU. It has $775.4 million in assets under management (AUM) and trades an average daily volume of 408,000 shares. The ETF charges a 1.50% annual fee. The fund skyrocketed more than 498.81% since the start of the year and about 4,691% over the past year.
Price Action: MULL skyrocketed 38.9% in regular trading on Tuesday and 10.6% in extended trading on Wednesday.
Direxion Daily MU Bull 2X ETF
MUU also offers two times exposure to the performance of Micron stock. It has an expense ratio of 1.01% and has AUM of $3.7 billion. The ETF trades in an average volume of 2.6 million shares. It has gained 507.90% since the start of the year and 4,768% over the past year.
Price Action: MUU soared 38.5% on Tuesday and 10.9% in extended trading on Wednesday.
Other Niche ETFs Gain
Other ETFs, including AXS Knowledge Leaders ETF (NYSE:KNO), iShares MSCI USA Value Factor ETF (BATS:VLUE) and US Vegan Climate ETF (BATS:VEGN), which have the largest exposure to this memory chipmaker, also gained on Tuesday.
KNO is an actively managed ETF focusing on the stocks that managers believe to be highly innovative or “knowledge leaders” – innovative companies from all sectors around the world selected using a proprietary methodology based on time-tested academic research.
VLUE targets the value corner of the broad U.S. stock market by tracking the MSCI USA Enhanced Value Index.
VEGN follows the Beyond Investing US Vegan Climate Index, providing exposure to US companies that satisfy rigorous ESG (Environmental, Social, Governance) standards. It charged an expense ratio of 0.60% for the first $150 million in AUM. The annual fee declined to 0.50% when AUM crossed that level.
The table provides Micron exposure, expense ratio, AUM and one-day performance of these ETFs:
| ETFs | Micron Exposure | Expense Ratio | AUM | Tuesday Performance |
| KNO | 19.71% | 0.78% | $43.1 M | 3.94% |
| VLUE | 14.44% | 0.15% | $13.2 B | 3.85% |
| VEGN | 11.50% | 0.50% | $170.5 M | 2.88% |
Micron Incredible Surge
Micron has been among the hottest trades of 2026, soaring about 214% since the start of the year. Stronger demand for memory chips amid the ongoing AI boom is fueling the company's growth.
The latest surge came after UBS analyst Timothy Arcuri more than tripled the price target to $1,625 from $535 for the memory-chip maker while maintaining a Buy rating.
Jim Cramer said Micron’s entry into the trillion-dollar club is the start of a “new era,” highlighting how AI is reshaping investor priorities across the semiconductor industry. On the other hand, Ross Gerber views Micron as cheap at current levels andbelieves the stock still has room to run.
Benzinga Edge Stock Rankings indicate both MULL and MUU maintain a strong price trend in the short, medium and long term with a Momentum score in the 100th percentile.
Photo Courtesy: Piotr Swat on Shutterstock.com
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