SOXL is trading 4.9% up in pre-market as investors rotate back into information technology following a sharp multi-day semiconductor selloff.
- The recent rout was driven by AI-spending worries, Middle East tensions, and elevated energy prices that pressured high-beta tech and chip names earlier this week.
- U.S. futures and the Nasdaq are rebounding as investors reassess AI infrastructure demand ahead of key GDP and spending data.