Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 5.02% in pre-market trading on Monday, reflecting strong momentum in the semiconductor sector.
The leveraged ETF's significant gain came as chip and storage shares jumped broadly in premarket trading. Multiple semiconductor companies including SK Hynix, Micron, Microchip, ASML, Seagate Technology, SanDisk, and Intel all posted gains of 1-2%, indicating a sector-wide rally that amplified SOXL's movement due to its 3x leverage structure.
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