On July 21, Direxion Daily Semiconductor Bull 3X Shares (SOXL) rose 10.13% in pre-market trading, trading at $151.06/share, with turnover of $37.19 million.

Multiple bullish catalysts converged to drive the strong rebound. Research firm Omdia sharply raised its full-year China semiconductor market growth forecast to 92.9%, projecting market size to reach $812.08 billion. SEMI predicted global semiconductor equipment sales to grow 23.2% year-over-year to $165.9 billion. Additionally, AMD officially launched its first rack-level AI system Helios and announced Microsoft joining its customer base, challenging NVIDIA's dominance in AI computing infrastructure.

The ETF had previously plunged nearly 15% due to Korean regulatory tightening and a semiconductor selloff wave. The current rebound reflects technical oversold recovery, reinforced by expectations ahead of major tech earnings this week. The Korean central bank explicitly rejected the semiconductor peak theory, stating AI infrastructure investment continues to drive demand beyond supply levels.

The fund invests at least 80% of its net assets in financial instruments providing 3X daily leveraged exposure to an index tracking the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)