SOXL is trading at $117.58 (-14.20%) amid a broad semiconductor rout as investors question stretched AI chip valuations and the sustainability of heavy capex plans.
- The decline is significantly amplified by the fund’s 3x leveraged structure, which magnifies losses in the underlying semiconductor index.
- Broader tech weakness is reinforcing the drop, with the Nasdaq down 2.18% as risk appetite is pressured by hawkish Fed rhetoric and geopolitical tensions.