🟢 SOXL is trading 13.5% up today on Apple’s $30B Broadcom deal and domestic chip demand

SOXL is trading 13.5% up today as investors react to a major multiyear agreement between Apple and Broadcom.

• Apple’s $30 billion deal to secure U.S.-made wireless chips has significantly boosted sentiment regarding domestic semiconductor demand and supply-chain investment.
• The sector-specific catalyst is driving a rebound in information technology, helping the index recover from recent volatility linked to geopolitical tensions.
• The rally highlights a shift toward industry-specific drivers over broad macro data, supporting the major chipmakers that dominate the leveraged ETF’s index.