Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 5.11% during the intraday session on Wednesday, reflecting strong momentum in the semiconductor sector. The leveraged ETF, which tracks semiconductor stocks, benefited from heightened investor interest in the sector.
The rally in SOXL is attributed to a CPU shortage in the semiconductor industry. KeyBanc data indicates that server CPU capacity from Intel and AMD for 2026 is already sold out, with both companies planning to raise prices by 10-15%. This supply-demand imbalance has reignited enthusiasm for semiconductor stocks, driving up the value of SOXL as investors anticipate further gains in the sector.
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