Why Direxion Semis Bull 3X (SOXL) fell 4.35%
Direxion Semis Bull 3X (SOXL) fell 4.35% on November 12, 2026 — Nvidia turmoil and Huang ouster talk sink chip bulls.
What happened
The broader chip complex sold off as Nvidia turmoil and reports of preparations to oust Jensen Huang rattled AI stocks, and Nasdaq futures fell in response.
Why it moved
SOXL resets daily to three times the index's move, so a sector-wide selloff of roughly 1.5% in the underlying gets magnified into a larger drop.
Why it matters
This sits inside the Chip Supply Chain theme, where equipment, foundry and broad-semis names have ridden the AI-capex wave. The selloff suggests that tailwind is being questioned across the complex, not just in Nvidia.
What would break the thesis
If Nvidia stabilizes and leadership uncertainty clears, leveraged semis can snap back just as fast, since the same 3x multiplier works on the upside.
Sources
- Nasdaq futures fall as Nvidia turmoil rattles AI stocks — Investing.com