🔴 SOXL ETF (SOXL) is trading 5.8% down today on semiconductor rotation and profit-taking ahead of key macro data

SOXL ETF (SOXL) is trading 5.8% down today as investors rotate out of high-beta semiconductor and information technology names following a powerful AI-driven rally.

• Sector sentiment is cooling as traders lock in gains ahead of key macro releases—including GDP, PCE, and FOMC—and reassess positioning after recent Micron- and Nvidia-led strength.
• With major indices mixed and no fresh data today, the primary drivers are risk reduction and a broader rotation away from the technology sector.