SOXL is a 3x leveraged ETF, whose top 5 holdings are TXN, NVDA, QCOM, INTC, and AVGO. Earlier today, TXN endured a massive sell-off following their unimpressive earnings report, resulting in a hard drop in price for SOXL, as well. However, I don't expect TXN to stay down past this trading week, and when it rebounds, SOXL will be along for the ride. The semiconductors industry is red hot.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.