SOXL is trading at $92.99, down 9.24%, in after-hours trading as concerns that heavy AI investment may not deliver returns weigh on chip sentiment.

  • Alphabet’s revenue miss and $9.1 billion negative free cash flow reignited those concerns; Samsung’s semiconductor unit also missed profit expectations.
  • Broad tech weakness was reflected in a 2.08% fall in the Nasdaq Composite. Microsoft’s after-hours gain offered a partial counterpoint, but semiconductor-sector and AI-spending concerns dominated.