SOXL is trading 10.6% higher today as information technology and semiconductor names extend their recent rally, supported by continued enthusiasm for AI-related chip demand.
- The move is driven by gains in major chipmakers including NVIDIA, Micron, and Marvell, as well as optimism surrounding next-generation semiconductor technology advances.
- Broader market sentiment remains positive with stronger index futures and upbeat global risk appetite, despite a lack of major U.S. economic data on May 26.