The swift surge in leveraged ETF assets, compounded by their daily automatic rebalancing feature, has significantly heightened market volatility. This development has, in turn, unlocked fresh profit avenues for Wall Street's intraday momentum trading tactics. Technology domains, particularly semiconductors, have emerged as prime hunting grounds for these short-term trend-following trades. The inherent design of leveraged ETFs renders them pro-cyclical in nature, necessitating additional buy-ins during market rallies and sell-offs amid downturns. Amidst this backdrop, intraday momentum strategies that capitalize on high-volatility assets have witnessed substantial expansion. Data reveals that since 2024, the count of effective intraday momentum strategies specifically targeting the semiconductor sector has surged more than threefold.