🔴 SOXL ETF (SOXL) is trading 6.2% down today as investors reassess AI-chip expectations

SOXL is trading at $99.73 (-6.22%) as semiconductor weakness sharply diverges from broader market gains.

• The S&P 500 is up +0.51%, while the Nasdaq Composite is up +0.57%.
• Investors appear to be reassessing AI-chip expectations ahead of Broadcom’s results, despite strong reported revenue and earnings above estimates.
• Elevated Treasury yields and Middle East escalation are adding pressure to high-growth technology valuations.