By Ryne Mauck
Publication Date: 2026-08-19 23:35:00
A 1% move in NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) can make or break a day for semiconductor investors. The Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL) takes the same sector and adds three times daily leverage.
The emphasis on ‘daily leverage’ is important. While SOXL does not literally triple Nvidia’s return (Nvidia represents 6.82% of the fund’s underlying NYSE Semiconductor Index as of June 30), SOXL targets 300% of the entire index’s daily performance.
The result over the past year has been extraordinary. SOXL closed at $29.42 on August 14, 2025, and $144.95 on August 14, 2026. A $10,000 investment based on those closing prices would now be worth roughly $49,270, not counting distributions.
The Semiconductor Rally on Steroids
Nvidia is an important part of the story, but it is far from the only stock driving SOXL. As of June 30, Micron Technology represented 8.55% of the underlying index, followed by Advanced Micro Devices at 8.10%, Nvidia at 6.82%, Intel at 6.34%, and Broadcom at 6.08%. Applied Materials, KLA, Marvell Technology, Lam Research, and Taiwan Semiconductor round out the top 10. SOXL then uses derivatives and other leveraged exposure to target three times the index’s daily move. This has turned an already powerful semiconductor rally into something much larger. While NVIDIA itself returned roughly 23.9% over the 12 months through August 14, SOXL’s price increased approximately 393% over roughly the same period.
