The Motley Fool
Why Direxion Daily Semiconductor Bull 3X ETF Crashed Today
The Direxion Daily Semiconductor Bull 3X ETF (SOXL) declined 6.87% today as semiconductor stocks fell due to concerns about Chinese DRAM manufacturer ChangXin Memory Technologies (CXMT) challenging Western competitors. Micron stock, SOXL's largest holding, dropped 13.5% this week, while Sandisk fell 18%. However, SOXL's lack of Sandisk exposure limited the damage compared to what it could have been.
