SOXL stock rebounded 13.7% on June 8, 2026, as semiconductor stocks staged a broad recovery from their worst week in months following Broadcom’s disappointing earnings guidance.
The Direxion Daily Semiconductor Bull 3X ETF plunged 30.51% on June 5, 2026, when Broadcom reported third-quarter AI chip revenue guidance of $16 billion, roughly 7% below analyst expectations of $17.2 billion. The guidance miss triggered a sector-wide selloff that rippled through all semiconductor stocks, with Broadcom itself falling 12.6% after the announcement.
SOXL’s steep decline reflected the fund’s 3X leverage—a structure designed to amplify daily returns of the underlying semiconductor index. When the broader chip sector fell approximately 10%, the leveraged ETF magnified that loss to roughly 30%, making it one of the worst-performing equity instruments during the selloff.
The rebound on June 8 marked a shift in market sentiment, as investors reassessed valuations following the initial shock. Semiconductor stocks led the broader market recovery, with the sector finding support from growing recognition that long-term AI demand remained intact despite near-term guidance concerns.
Sources
- StockInvest.us — confirmed SOXL’s 30.51% drop on June 5, 2026, from $262.70 to $182.54
- Investing.com — reported Broadcom’s Q3 AI semiconductor revenue guidance of $16 billion versus consensus near $17.2 billion
- Perplexity.ai — noted semiconductor ETF gains and broad market rebound on June 8, 2026
- Direxion — confirmed SOXL seeks 300% daily return of the ICE Semiconductor Index
