SOXL is trading 5.1% down today as tech momentum cools following a sharp semiconductor-driven rally and a reassessment of mega-cap valuations.
- Broader Nasdaq and S&P 500 futures are modestly lower as investors weigh rich valuations in mega-cap tech following strong AI-chip gains.
- As a leveraged ETF, SOXL magnifies sector pullbacks, translating a mild dip in information technology and semiconductor names into a steeper pre-market move.