Direxion Daily Semiconductors Bull 3x Shares (SOXL) fell sharply by 5.55% during intraday trading on Thursday, mirroring a broader decline in the semiconductor sector.
The drop was part of a sector-wide pullback, with other major chip stocks like SanDisk, UMC, Onsemi, Applied Materials, Broadcom, and Micron also experiencing losses. This suggests investor caution or profit-taking in the semiconductor industry, which has been volatile recently.
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