SOXL is trading 7.8% lower in pre-market on June 26, 2026, as persistent weakness in the information technology sector and semiconductor complex weighs on the ETF.
- Investors continue to rotate out of richly valued AI and chip names despite strong Micron earnings and guidance.
- Recent multi-day tech and global semiconductor selloffs continue to dampen sentiment, with Nasdaq futures notably weaker than the Dow.
- The downward move underscores heightened sector-specific risk aversion toward high-growth technology stocks.