The Chip Selloff Just Hit SOXL Holders Hard. Here's What It Cost a $10,000 Position
A 24/7 Wall St. article explains how the November 5, 2026 chip selloff cut the Direxion Daily Semiconductor Bull 3X ETF (SOXL) by 25.93% by late morning, turning a $10,000 position held since Wednesday's close into $7,407, with AMD down 13%, NVIDIA 7%, Intel 8%, and Broadcom 6%. It attributes the drop partly to a light Qualcomm forecast and post-election fears that Democratic officials could tighten AI rules and slow data center construction, and notes that SOXL's daily resets make long-term results far from three times its benchmark.
