SOXL is trading at $117.51, down -4.51%, as Marvell Technology’s premarket decline pressured semiconductor shares despite stronger results and guidance, reflecting elevated AI-trade expectations.
- Investors are reducing risk ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks, while Thursday’s NVIDIA-led rally encouraged profit-taking.
- SOXL’s semiconductor concentration and three-times leverage amplify the sector pullback.