🔴 SOXL (SOXL) is trading 5% down in pre-market as semiconductor weakness continues

SOXL is trading at $114.60 (-4.98%) amid continued weakness across semiconductors.

• Philadelphia Semiconductor Index fell about 5% during prior week; investors questioned AI-related capital spending and reacted to higher interest-rate concerns.
• Nvidia’s upcoming August 26, 2026 earnings report and Federal Reserve’s Jackson Hole symposium add uncertainty ahead of major catalysts.
• Broader technology remains under pressure, not an isolated SOXL move; NVIDIA, Intel, and Seagate sold off, while Nasdaq declined for a second session.