SOXL is trading sharply lower at $107.97 (-16.73%) as a broader slump in information technology and chip stocks intensifies.
- Sector weakness is being driven by concerns over heavy AI-related capex and new Trump tariffs on key trading partners.
- Heightened uncertainty ahead of the Federal Reserve’s two-day meeting is weighing heavily on semiconductor sentiment.
- The decline follows consecutive losses in recent sessions for the leveraged semiconductor-focused ETF.