On July 8, Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) rose 5.06% in regular trading, trading at $173.70 with turnover of $4.085 billion. The rally came after the ETF had experienced significant volatility earlier in the session following a nearly 15% plunge in the prior trading day.

On the news front, Apple announced it will purchase over $30 billion worth of U.S.-manufactured chips from Broadcom over the next five years, marking Apple's largest-ever domestic manufacturing investment commitment. The agreement is expected to drive production of more than 15 billion domestically manufactured chips and includes an additional $1.5 billion expansion investment at Broadcom's Fort Collins, Colorado facility. The partnership extends through 2031, covering multiple generations of custom ASIC chips and cutting-edge wireless connectivity technology for Apple products.

As a 3x leveraged ETF tracking the Philadelphia Semiconductor Index, SOXL amplifies underlying index movements. The prior session's selloff was triggered by Morgan Stanley strategist Michael Wilson's recommendation to underweight semiconductors in favor of hyperscale cloud stocks, making today's rebound particularly notable as the Apple-Broadcom deal restored confidence in long-term semiconductor demand.

The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to a rules-based, modified float-adjusted market capitalization-weighted 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.)