SOXL is trading 5.9% down in after-hours trading as the semiconductor sector faces heavy pressure following a multi-day selloff.
- Investors are weighing concerns over AI-related capital spending alongside escalating competitive threats from Chinese chipmaking tools.
- Market sentiment is further dampened by newly implemented U.S. tariffs under the Trump administration and uncertainty ahead of a key Federal Reserve rate decision.
- The volatility comes as the market prepares for a high-stakes week of major technology earnings reports.