SOXL is trading at $147.25 (+7.63%) as semiconductor stocks rebound in pre-market trading following last week's sharp AI-guidance selloff.
- Buying sentiment is bolstered by continued confidence in AI infrastructure spending, supported by large hyperscaler capex plans and the recent Samsung-Broadcom long-term supply deal.
- The gains are significantly amplified by the ETF's 3x leverage, which translates a modest recovery in the underlying semiconductor index into a much larger price jump for SOXL.