Stock Track | SOXL Surges 5% as Semiconductor Stocks Rally on TSMC's Strong Sales Report
Direxion Daily Semiconductors Bull 3x Shares soared 5% in Tuesday's intraday trading, riding the wave of a broader rally in semiconductor stocks. The leveraged ETF's significant move came as the semiconductor sector experienced widespread gains, with several major players posting notable increases.The rally was primarily fueled by Taiwan Semiconductor Manufacturing Co.'s impressive May sales report. TSMC, a bellwether for the global chip industry, announced a 40% year-over-year increase in rev