SOXL is trading 1.8% down today as investors rotate out of stretched AI and chip names despite strong Micron earnings.
- Broader technology sentiment remains fragile following recent global semiconductor and mega-cap tech selloffs.
- The after-hours drop reflects ongoing volatility in the information technology sector following a sharp Micron-led rebound on June 25, 2026.
- Market participants are reassessing valuations in high-growth semiconductor stocks as capital shifts away from the sector.