US Stock Market Movement | 3x Long Semiconductor ETF surges 11% in pre-market trading

Glonghui June 18 | U.S. semiconductor and storage concept stocks rose across the board in pre-market trading, with the triple-leveraged semiconductor ETF (SOXL) surging 11% in pre-market hours, reaching $259. This surge is the result of three resonating factors: the implementation of the U.S.-Iran agreement igniting a global risk-on sentiment, a collective rally among Asia-Pacific semiconductor stocks causing sectoral linkage, and an explosive demand for AI computing power providing fundamental support. Against the backdrop of continued global semiconductor boom, the rebound effect of leveraged ETFs has further amplified gains. According to statistics, the combined capital expenditure of hyperscale cloud providers (Amazon, Meta, Alphabet, Microsoft) is expected to reach $725 billion in 2026, with the vast majority allocated to AI data centers, offering continued demand support for SOXL’s major holdings (Nvidia, Broadcom, Micron, AMD, etc.).