SOXL is trading 5.6% down today as semiconductor and broader tech names remain under pressure following steep post-earnings declines in mega-cap leaders.
- Sentiment toward high-valuation AI and growth plays has soured following disappointing earnings results from Alphabet and Tesla.
- New sweeping U.S. tariffs on major trading partners are stoking worries about global supply chains and technology demand, driving a risk-off tone.
- The downward move persists despite supportive long-term signals, such as TSMC’s large-scale U.S. expansion plan aimed at meeting AI demand.