Direxion Daily Semiconductor Bull 3X ETF Drops Amid Concerns Over DRAM Supply Expansion
The Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) fell by over 13% as concerns grew about SK Hynix's plans to double its DRAM production, potentially hurting prices and profits in the semiconductor sector. The leveraged ETF is heavily impacted due to declines among key holdings like Micron, Intel, and Marvell.
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