Direxion Semiconductor Bull 3X ETF Rallies 11.6% on NVIDIA, Broadcom Gains
The Direxion Daily Semiconductor Bull 3X ETF surged 11.6% on Monday, while the VanEck Semiconductor ETF rose 3.6% and the iShares Semiconductor ETF climbed 3.98%. NVIDIA reported Q4 FY2026 revenue of $68.13 billion, up 73.2% year-over-year, and Broadcom's Q1 AI chip revenue jumped 106% to $8.4 billion, fueling the sectorwide surge.
1. SOXL’s Monday Surge
The Direxion Daily Semiconductor Bull 3X ETF jumped 11.6% Monday, topping gains in SMH (3.6%) and SOXX (3.98%). The Dow rose 0.5% and S&P 500 gained 0.83% as semiconductor stocks reversed early losses.
2. Earnings Driving the Sector
NVIDIA reported Q4 FY2026 revenue of $68.13 billion, up 73.2% year-over-year, while Broadcom’s Q1 AI chip revenue climbed 106% to $8.4 billion. Micron beat estimates and Marvell raised fiscal 2027 guidance.
3. Macro and Market Conditions
The VIX stood at 29.49 last week and the 10-year Treasury yield hovered at 4.15%, below its 12-month average. Crude oil futures fell below $90 per barrel, removing a headwind for tech and semiconductor stocks.