Why Direxion Daily Semiconductor Bull 3X ETF Jumped 20% Today

1 day ago 3

Anders Bylund, The Motley Fool

Thu, June 18, 2026 astatine 11:58 AM CDT 3 min read

The Direxion Daily Semiconductor Bull 3X ETF (NYSEMKT: SOXL) is soaring today. What started arsenic a milder 16% opening-bell summation evolved into gains astir the 20% people from 11 a.m. ET to noon ET. The 3x leveraged mentation of the classical iShares Semiconductor ETF (NASDAQ: SOXX) reflects a swell of enthusiasm successful the spot sector, based connected respective bullish developments.

Washington drops a semiconductor bombshell

The biggest spot quality of the time comes from Washington, D.C., not Silicon Valley. In a societal media post, President Trump said that Apple (NASDAQ: AAPL) volition acceptable up an all-American semiconductor proviso concatenation with Intel (NASDAQ: INTC) providing the manufacturing expertise.

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Intel's banal surged much than 9% connected the news, backed by wide gains crossed the spot sector. Some of the strongest jumps came from companies that marque the instrumentality utilized successful semiconductor manufacturing. The factories churning retired Apple chips won't conscionable physique themselves, you know. For instance, Ichor Holdings (NASDAQ: ICHR) is up by 10.6% astatine 12:20 p.m. ET and Ultra Clean Holdings (NASDAQ: UCTT) gained 9.9%. The instrumentality makers are included successful the SOXX and SOXL funds.

A microchip successful a bundle of high-value dollar bills.

A connection of caution for the little adventurous

Leveraged ETFs similar SOXL amplify regular moves successful some directions, making them fashionable tools for short-term traders but risky holdings for longer periods. The unlevered SOXX money is up by 6.5%, astir one-third of the SOXL jump. That should beryllium capable volatility for astir semipermanent investors.

As for the Intel-Apple partnership, the announcement came via societal media station alternatively than a ceremonial property release. The details stay fuzzy, and neither Intel nor Apple has confirmed Trump's societal media station yet.

Still, spot investors are betting that American-made Apple silicon would beryllium a large woody for Intel's foundry concern and the full home proviso chain.

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