SOXL is trading 4.3% up as the semiconductor sector rebounds from last week's sharp selloff, driven by improved geopolitical sentiment and a broader Nasdaq rally.
- Market sentiment improved following reports of a U.S.–Iran ceasefire, reducing geopolitical risks that previously pressured technology stocks.
- Investors are refocusing on long-term AI growth prospects and upcoming corporate earnings as Nasdaq futures gain nearly 1%.
- The recovery follows a period of volatility triggered by AI valuation concerns and rising production costs within the chip industry.