Direxion Daily Semiconductor Bull 3X Shares is trading 1.6% down in after-hours trading as the semiconductor-heavy information technology space extends a sharp June 04, 2026, sell-off.
- Broadcom (AVGO) triggered profit-taking across high-valuation chip names after maintaining a $56 billion AI revenue target, which disappointed investors looking for an upward revision following a historic rally.
- This sector-specific pressure is hitting leveraged products like SOXL significantly harder than the broader indices, which are seeing a rotation into value and industrials.
- The decline comes even as the Dow Jones Industrial Average reaches record highs, highlighting a stark divergence between semiconductor growth stocks and the broader market.