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Why Direxion Daily Semiconductor Bull 3X ETF Just Crashed

The Motley Fool·
Why Direxion Daily Semiconductor Bull 3X ETF Just Crashed

Samsung reported strong Q2 2026 earnings with 28% sequential sales growth and surging profits, but failed to meet inflated investor expectations, triggering a sell-off. The decline spread to other semiconductor stocks like Nvidia, Micron, and Intel. The Direxion Daily Semiconductor Bull 3X ETF (SOXL), which magnifies movements 3x, crashed 14% as a result of the broader semiconductor sector weakness.

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