🟢 SOXL (SOXL) is trading 5.22% up today as investors buy the dip

SOXL is trading 5.22% higher as semiconductor investors buy the dip after the previous session’s technology selloff.

• NVIDIA is gaining more than 3%, despite continued concern about AI spending expectations.
• The broader market is modestly higher, while weak Western Digital guidance and pressure in storage stocks limit the recovery.
• Scheduled labor and productivity data remain intraday risks; the move reflects a sector-level reversal from August 5 losses tied to AMD guidance concerns and elevated AI-infrastructure spending.