SOXL Plunges 6% — Has AI Hardware Fatigue Arrived?
The 3x leveraged semiconductor ETF (SOXL) tumbled 6.05% Monday while its inverse counterpart SOXS surged 6.17%, triggering a violent long-short unwind across the chip sector. The catalyst was retail profit-taking — a record single-day net outflow of $300M from tech ETFs hit chip funds hardest, as 'AI Hardware Fatigue' spread from Micron and SanDisk across the broader sector. With the semiconductor bull thesis colliding with a wave of profit realization, is this pullback a buying opportunity or a trend reversal?