SOXL is trading 5.4% up as semiconductor stocks recover from the August 6 technology-led selloff.
- Premarket gains in Applied Optoelectronics, Lam Research, Intel, Applied Materials, Arm, Micron, and storage stocks show a broad chip-sector rebound rather than an isolated company catalyst.
- Second-quarter semiconductor sales rose 33.1% sequentially, reinforcing AI-demand optimism.
- Nasdaq futures were higher, while investors remained cautious ahead of inflation data that could influence Federal Reserve rate expectations.