SOXL is trading 10.4% up today as the semiconductor sector continues its rebound following cooling PCE inflation and powerful earnings from major tech leaders including Microsoft and Amazon.
- Nasdaq futures rose over 1% as tech leads a broader risk-on sentiment, helping the sector recover from a previous selloff driven by geopolitical concerns and AI-spending caution.
- The leveraged exposure in SOXL is significantly amplifying the sector's recovery as investors react to positive momentum in the information technology and semiconductor industries.