SOXL is trading at $52.95, down -17.95%, as investors weigh whether the election outcome could bring tougher AI and data-center oversight, potentially slowing construction and semiconductor demand.
- The Philadelphia Semiconductor Index fell more than 3% in premarket trading.
- Nvidia, AMD and Intel were among chipmakers under pressure; Qualcomm’s disappointing handset-chip sales outlook added to the drag.
- The selloff follows a post-election shift in policy expectations.