Direxion Semiconductor Bull 3X ETF upgraded to buy, expecting AI chip stocks rally by year-end.

Mike Zaccardi upgrades Direxion Daily Semiconductor Bull 3X ETF (SOXL) to buy, anticipating a rally in AI semiconductor stocks by year-end. SOXL is highly volatile and best for short-term trades due to negative compounding risks. Technical analysis shows key supports tested with volume spikes hinting at a rebound. Semiconductor valuations are attractive after a recent decline, supported by bullish seasonal trends and upcoming volatility catalysts.

As of Nov 01, 2026 09:21 WIB, SOXL trades at USD 76.95 on Pluang, down 24.85% in one day, reflecting its high volatility noted in the article. The ETF's market cap stands at $24.31 billion with a balanced order activity of 55% Buy and 45% Sell, indicating mixed investor sentiment. Meanwhile, the broader semiconductor ETF SMH is priced at USD 522.84, down 6.91% on the same day, showing less extreme movement. SOXL's typical hold time on Pluang is 16 days, emphasizing its suitability for short-term trades as highlighted by the article.