Direxion Daily Cloud Computing Bull 2X Shares

CLDL

Market cap $5.3M

Microsoft and the cloud computing sector appear to have sloughed off April volatility showers . The software maker has been rallying post-Q1 earnings.

Major indexes in the stock market have been upended by tariff news as of late. Tech has been taking the brunt of the blow as the Nasdaq-100 has been sliding since mid-February.

We'll most likely see growth continue in the near and long term for cloud computing as well as artificial intelligence (AI). This gives traders a pair of options to capitalize on: the Direxion Daily Cloud Computing Bull 2X Shares ETF (CLDL) and the Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X ETF (UBOT).

We have highlighted a bunch of the best-performing leveraged ETFs of the fourth quarter.

Here, we discuss five best-leveraged equity ETFs that led the space last month.

Here, we discuss five best-leveraged equity ETFs that led the space last month.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Cloud computing is one of the sub-sectors of technology that are benefiting from last year's rally. When it comes to specific names, CrowdStrike is a notable one helping to push the Direxion Daily Cloud Computing Bull 2X Shares ETF (CLDL) even higher.

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Cloud computing has been one of the hot themes in 2023's big tech comeback. But its strength should extend beyond the short-term investment horizon.