Direxion Daily Semiconductors Bull 3x Shares (SOXL) soared 5.00% in pre-market trading on Thursday, as semiconductor stocks rallied following a major policy announcement by U.S. President Donald Trump. The leveraged ETF, which aims to deliver three times the daily performance of the ICE Semiconductor Index, is benefiting from a broad uptick in semiconductor shares.

The surge comes in response to President Trump's statement on Wednesday that he plans to impose a 100% tariff on semiconductor imports. However, the proposed tariff includes a crucial exemption for companies that manufacture or commit to manufacturing in the United States. This move is part of the administration's broader push to onshore high-tech manufacturing and has sparked optimism among investors in the semiconductor sector.

The news has had a ripple effect across the semiconductor industry, with several major players seeing significant pre-market gains. Taiwan Semiconductor Manufacturing Company (TSMC) led the pack with a 5% increase, followed by Micron Technology at 4%. Other industry giants such as ASML, AMD, and Intel also saw their shares climb by 2%, while Nvidia experienced a 1% uptick. As a leveraged ETF, SOXL's 5% gain reflects and amplifies this sector-wide movement, potentially offering higher returns but also carrying higher risks.