SOXL is trading at $102.29 (-12.54%) as AI leaders’ calls to slow frontier-model development trigger a broad semiconductor selloff.
- Nvidia fell more than 2% premarket, while Intel, AMD, and Marvell also declined sharply.
- Higher oil prices, inflation worries, and expectations for a Federal Reserve rate hike are pressuring technology and chip stocks.
- The move appears sector- and macro-driven, not company-specific.