SOXL is trading at $107.39 (+6.24%) as record SK Hynix earnings and its forecast of tight memory supply through 2030 boosted semiconductor sentiment and AI-chip demand expectations.
- The rally followed a 3.6% overnight gain in the Philadelphia Semiconductor Index, extending the sector’s rebound.
- Broader-market gains were modest, making chip-sector strength the more direct catalyst; SOXL’s leveraged exposure magnifies semiconductor moves.