SOXL.MI is trading 9.1% down at $52.80 as leveraged semiconductor exposure reverses following a volatile two-day swing in the sector.
- The decline follows a brief rebound driven by Micron’s blowout earnings, which has since been overshadowed by renewed pressure on the technology sector.
- Broader market sentiment remains negative with Nasdaq futures down 1.02%, a backdrop that likely amplified the move in this leveraged ETP.