🔴 Semiconductor ETF (SOXL) is trading 10.8% down today as rising Treasury yields pressure chip valuations

SOXL is trading 10.8% down today as fading U.S.-Iran peace prospects push oil higher and revive inflation concerns.

• The August 18, 2026 decline reflects broader growth-stock risk reduction as 30-year and 10-year Treasury yields reached roughly 5.32% and near 4.74%, respectively, raising technology discount rates.
• Valuation- and macro-sensitive semiconductor shares saw NVIDIA, Micron, AMD, Marvell, and Intel lower in premarket trading; Nasdaq 100 futures fell 1.21%, signaling sector-wide rather than isolated SOXL pressure.