SOXL Crashes Over 11%: Is the Semiconductor Rally Finally Dead?
The 3x leveraged semiconductor ETF SOXL plunged 11.21% today after OpenAI missed internal revenue and user growth targets, directly dampening AI chip demand expectations and snapping SOXX's historic 17-session winning streak. SOXL recovered 3.19% after hours, partly supported by Seagate's stronger-than-expected results on the storage side. Analysts caution that leveraged decay in high-volatility environments remains a critical risk — with OpenAI demand uncertainty unresolved, how do you see this semiconductor rally playing out?