SOXL is trading 4.3% down today as the information technology sector cools following a sharp rebound led by large-cap growth and AI-related names.
- Recent volatility in AI infrastructure plays and a rotation within the tech sector have left high-beta semiconductor stocks lagging behind the broader market.
- Potential tariff threats regarding digital services taxes are adding pressure to the sector, moderating the earlier upside seen in leveraged products.
- While broader U.S. indices are trading higher, the specific cooling of the semiconductor space has driven the decline in SOXL.