Semiconductor ETFs Surge up to 19% in Huge Rally as the AI Trade Ramps Back Up

3 weeks ago 33

Danielle Liverance

Tue, August 4, 2026 astatine 12:19 PM CDT 5 min read

Quick Read

KORU surged 19% and SOXL rebounded hard Tuesday aft losing 41% and 36% respectively during the anterior month's tariff-driven selloff.
Bank of America's Vivek Arya reiterated a $1,550 terms people connected Micron, sparking an 8% single-day leap that lifted SOXX 6%.
Despite KORU's 326% one-year gain, the money has mislaid 16% implicit 5 years, showing however regular compounding erodes leveraged returns crossed choppy periods.
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Semiconductor ETFs staged a convulsive rebound Tuesday arsenic Bank of America expert Vivek Arya reiterated a Buy standing and a $1,550 terms people connected Micron Technology (NASDAQ:MU), reigniting the AI-memory commercialized aft a brutal late-July tariff-driven selloff. Micron was up 8% to $894.81 intraday, dragging the broader spot analyzable higher and lifting Korea's representation giants Samsung and SK Hynix alongside it. The iShares Semiconductor ETF (NASDAQ:SOXX) climbed 6% successful Tuesday's session, portion the leveraged Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL) and Direxion Daily MSCI South Korea Bull 3X Shares (NYSEARCA:KORU) amplified the determination (both up astir 19%).

A close-up presumption of a dark, metallic-blue circuit committee with glowing aureate lines, resembling electrical currents, emanating from a bright, cardinal rectangular microchip. The inheritance is acheronian and blurred, suggesting a high-tech, energetic environment.

This is simply a bounce wrong a whipsawing tape, disconnected a heavy drawdown. Over the trailing month, SOXL had shed 36% and KORU had mislaid 41% arsenic caller US tariffs targeting semiconductor supply-chain nations blew done the sector. Tuesday's enactment is simply a crisp reversal connected a single-name catalyst, and the size of the moves reflects some positioning and the mechanical leverage embedded successful 2 of the 3 funds.

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Direxion Daily Semiconductor Bull 3X Shares (SOXL)

SOXL is simply a complex, higher-fee, daily-reset 3x leveraged product. It targets 3 times the regular instrumentality of its semiconductor scale utilizing swap vulnerability layered connected a currency and short-term Treasury base. Micron itself is 1 of the largest notation weights wrong that handbasket astatine 4.33% of nett assets, truthful the BofA enactment landed connected a money built to torque precisely this catalyst.

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