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Leveraged ASML and TSM ETFs spotlight value in chip bellwethers
The Direxion leveraged ETFs target 200% of each stock’s daily moves, with next earnings from ASML on Oct. 14 and TSM on Oct. 15.
ETF Trends highlights a value-focused angle in semiconductors, pointing to ASML Holding NV as an example of an allegedly undervalued chip name and suggesting the Direxion Daily ASML Bull 2X ETF, ASMU, as a tactical vehicle for short term trading. The article notes ASMU aims to deliver 200% of ASML’s daily returns, and it is not positioned as a buy and hold instrument.
The piece also spotlights Taiwan Semiconductor Manufacturing, framing it as another chip value play that is less common in the sector. It describes the Direxion Daily TSM Bull 2X Shares, TSMX, as an ETF designed to track 200% of Taiwan Semiconductor shares on a daily basis, and it says TSMX turns two years old next month.
Morningstar analyst Susan Dziubinski is cited in support of the value thesis for both companies. For ASML, the outlet says the firm sells equipment with attractive gross margin but also generates long lasting recurring service revenue, and it references a $2,050 fair value estimate for ASML’s ADRs.
For Taiwan Semiconductor, ETF Trends says Dziubinski points to a wide moat tied to economies of scale and premium pricing supported by cutting edge process technology. It adds that she notes Taiwan Semiconductor recently raised 2026 capital expenditure spending to $62 billion at the midpoint and increased its full year revenue growth target by more than 40% in US dollars, while expecting price hikes in 2027 due to higher raw material costs and tight supply, with an ADR fair value estimate of $534. The article also flags upcoming catalysts, with ASML earnings scheduled for Oct. 14 and Taiwan Semiconductor’s report on the following day.