SOXL is trading 16.3% up today as semiconductor and AI-related stocks rebound sharply following a period of heavy selling.
- Micron’s blowout earnings and strong AI memory demand outlook are driving significant momentum across the semiconductor sector.
- A powerful move in Qualcomm and positive sentiment surrounding IBM’s chip breakthrough are providing additional tailwinds for the broader tech complex.
- The leveraged ETF is seeing a sharp recovery as investors pivot back into high-growth chip stocks and AI-heavy technology plays.