SOXL is trading at $140.55, down 10.52%, as semiconductor shares face heavy pressure.
- Reuters reported chip stocks fell on October 8: Marvell and Intel each lost about 3%, AMD fell 2%, and Micron declined 1.4%.
- Higher oil prices and Treasury yields renewed inflation worries, while geopolitical tensions around Gulf shipping weighed on sentiment; the Nasdaq was down 1.50%.
- No SOXL-specific catalyst or trading-volume data was identified.