Direxion Daily Semiconductor Bull 3X ETF Surges on Alphabet-Intel TPU Deal
The Direxion Daily Semiconductor Bull 3X ETF (SOXL) surged nearly 21% as semiconductor stocks rebounded from a prior decline and were boosted by news of Google ordering 3 million tensor processing units (TPUs) to be manufactured at Intel's foundry. This highlights growing demand for AI infrastructure, benefiting key holdings like Nvidia, Intel, and Taiwan Semiconductor.
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