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Direxion Daily Semiconductor Bull 3X ETF

SOXL · AMEX

Market closed$135.13$-7.35 (-5.16%)After hours $134.27 · -0.64%

Key statistics

Previous close$142.48
Open$124.73
Day high$144.40
Day low$116.47
52-week high$302.00
52-week low$22.57
Market cap39.75B
Volume104.48M
Average volume61.07M
P/E ratio29.10
Forward P/E—
EPS4.64
Dividend yield0.00%

Market context

Why it moved

SOXL, which provides 3x leveraged exposure to semiconductor stocks, plunged as the Philadelphia Semiconductor Index approached bear market territory—falling nearly 19% from its June peak—driven by a broad AI trade reversal as investors rotated out of high-valuation chip stocks and questioned whether returns on massive AI infrastructure investments can justify current valuations.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026The Direxion Daily Semiconductor Bull 3X ETF tumbled sharply, amplifying a brutal sector-wide selloff in semiconductors driven by two converging forces: Chinese AI startup Moonshot's release of Kimi K3 — claimed to be the world's largest publicly available AI model — reignited fears of intensifying competition threatening U.S. chip demand, while Alphabet's reported delay in its Gemini 3.5 Pro model deepened the AI narrative deterioration. The PHLX Semiconductor Index fell over 4% on Thursday and extended losses Friday, with AMD, Nvidia, Micron, Applied Materials, and Lam Research all declining sharply; the iShares Semiconductor ETF tracked toward a nearly 7% weekly loss. At 3x daily leverage, SOXL's intraday swing from a high of $144.40 to a low of $116.47 reflected the violent volatility, with volume surging well above its 61 million share daily average as traders reacted to what analysts at Vital Knowledge described as a "deteriorating" AI narrative.

-5.1592

July 17, 2026The Direxion Daily Semiconductor Bull 3X ETF tumbled nearly 14% as a broad semiconductor selloff deepened for a second consecutive session, driven by a market re-evaluation of AI valuations following TSMC's Q2 earnings. While TSMC reported record quarterly profit and raised capex guidance—bullish signals for AI infrastructure—investors focused on a warning of higher prices and a gross margin forecast that missed expectations, triggering selling across chip stocks including key SOXL holdings Micron, AMD, and Marvell. The ETF's triple-leveraged structure magnified the sector's decline, with SK Hynix tumbling over 11% in South Korea and the Nasdaq falling 0.8%, as investors questioned whether AI-driven valuations have run too far ahead of fundamentals.

-13.9354

July 16, 2026The Direxion Daily Semiconductor Bull 3X ETF tumbled sharply, reflecting a brutal session for chip stocks as memory names led the sector lower. Micron slid roughly 8% and SK Hynix plunged 13% on Wednesday despite strong ASML results, as investors rotated out of the AI memory trade amid profit-taking and Warren Buffett's cautious market commentary — compounding a sector already under pressure from a four-week Nasdaq underperformance versus the Dow. The broader backdrop remains challenging: escalating U.S.-Iran tensions are keeping oil elevated and inflation risks alive, the Fed is signaling potential rate hikes, and record margin debt of $1.42 trillion raises forced-selling concerns if the AI trade continues to unwind.

-6.2889

July 15, 2026The Direxion Daily Semiconductor Bull 3X ETF surged nearly 7% as semiconductor stocks staged a sharp rebound, driven by a cooler-than-expected June CPI report showing headline inflation dropping to 3.5% — its biggest monthly decline since April 2020. The inflation relief eased fears of additional Fed rate hikes and provided a tailwind for growth and tech names, with NVDA, AMD, AVGO (+11%), and AMAT (+4%) all rebounding strongly after Monday's broad chip selloff triggered by U.S.-Iran tensions and oil price spikes. The ETF's outsized move amplified a sector-wide recovery from a stretch in which SOXL had fallen roughly 30% over the prior month despite surging nearly 293% year-to-date, illustrating the volatility inherent in 3x leveraged exposure. Investors are now closely watching upcoming earnings — AMD (Aug. 4) and the Philadelphia Semiconductor Index's trajectory — as AI capex spending and Fed policy remain the two dominant pressure points for the semiconductor trade.

6.8271

July 14, 2026The Direxion Daily Semiconductor Bull 3X ETF tumbled nearly 14% as a perfect storm of macro and sector-specific headwinds slammed chip stocks. Renewed U.S.-Iran military exchanges sent oil prices surging over 4-5%, stoking inflation fears and prompting broad risk-off selling, while SK Hynix shares plunged ~14% in South Korea — dragging memory peers Micron, SanDisk, and AMD sharply lower. With the 3x leveraged fund amplifying every move in the semiconductor index, the geopolitical shock compounded existing jitters around stretched AI valuations ahead of a critical week of Q2 earnings, CPI data, and TSMC results.

-13.9863

July 11, 2026The Direxion Daily Semiconductor Bull 3X ETF closed essentially flat after a volatile session marked by an intraday low near $177, as the semiconductor sector navigated a week of sharp swings tied to AI trade rotation and geopolitical uncertainty. The fund's key holdings—including NVIDIA (+3%), AMD (+5.7%), and Micron—rebounded strongly on Friday, lifted by SK Hynix's blockbuster Nasdaq debut (oversubscribed 7x at $26.5B), Micron's $3B U.S. supply-chain investment announcement, and Applied Materials CEO comments signaling chipmaker demand visibility extending to 2030. Despite the recovery in underlying names, the ETF's 3x leverage amplified earlier-week volatility stemming from Samsung's July 7 selloff, which triggered a -4.65% drop in the PHLX Semiconductor Index amid AI valuation concerns—with RBC characterizing the move as sector rotation rather than systemic breakdown.

-0.0987

July 10, 2026The Direxion Daily Semiconductor Bull 3X ETF surged over 10% on Thursday as AI and chip stocks staged a powerful rebound, recovering from the prior session's geopolitical-driven selloff. Semiconductor names rallied broadly — Applied Materials jumped ~9%, Micron gained ~9% after announcing a $250B+ U.S. investment plan through 2035, AMD climbed on a gigascale AI campus collaboration with 5C, and Marvell Technology surged over 6% on bullish RBC commentary — with the Philadelphia Semiconductor Index jumping roughly 5%. Investors largely looked past ongoing U.S.-Iran hostilities and refocused on AI infrastructure demand, aided by SK Hynix's highly anticipated Nasdaq debut and reports that China may allow limited access to Nvidia's H200 chips.

10.0847

July 9, 2026The Direxion Daily Semiconductor Bull 3X ETF surged roughly 6% amid a dramatic intraday reversal for chip stocks, as NVIDIA rallied 3.7% after the company denied reports of a delay to its next-gen Kyber NVL144 AI platform and Goldman Sachs called NVDA's valuation 'attractively priced.' The sector also got a boost from Apple's $30B+ chip-supply agreement with Broadcom, reinforcing AI infrastructure spending. These tailwinds overpowered a challenging macro backdrop — President Trump declared the US-Iran ceasefire 'over' at the NATO summit, sending oil surging 5%+ and initially pressuring equities — as well as a prior session's 4.65% SOX selloff triggered by Samsung's Q2 beat that stoked demand-sustainability fears.

5.772

The Globe and Mail · July 16, 2026Why Direxion Daily Semiconductor Bull 3X ETF Just Crashed24/7 Wall St. · July 14, 2026The 2 Pressure Points That Will Determine SOXL’s Next 12 MonthsPluang · July 14, 2026SOXL drops 30% in a month after 293% YTD surge, with AI capex and volatility key for next 12 months.CNBC · July 1, 2026Retail investors pile into levered ETFs like SOXL and TQQQSeeking Alpha · April 30, 2026Semiconductor ETF frenzy builds as SOXL and SOXS investor flows pop

Peers

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