Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 6.63% during Friday's intraday session, reflecting strong momentum in the semiconductor sector. The leveraged ETF, which tracks semiconductor stocks, benefited from a combination of positive industry developments.
The rally was driven by TSMC's announcement of accelerated production schedules for its US factories, including plans for a fourth facility. Additionally, DRAM contract prices are expected to rise 55%-60% in Q1 2026 due to AI server demand, boosting semiconductor equipment and materials suppliers. The CES 2026 showcase of smart glasses and AR/VR technologies, which rely heavily on advanced chips, further fueled investor optimism.
These factors collectively underscore the semiconductor sector's robust growth prospects, with SOXL serving as a high-beta play on the industry's upward trajectory.
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