Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 5.03% intraday, reflecting a broad rally across semiconductor stocks driven by accelerating artificial intelligence demand.

The surge in semiconductor-related assets comes as AI computing needs continue to fuel demand for chips and memory products. Recent inflation data highlighted that the expanding application of artificial intelligence is driving up prices in specific technology and manufacturing sectors, with prices for virtual reality equipment manufacturing surging and computer/electronic equipment manufacturing showing significant gains.

Memory chip stocks led the advance with Japanese memory leader Kioxia jumping over 10%, while South Korea's SK Hynix rose more than 8% and Samsung Electronics gained over 4%. The rally extended to storage and optical communication stocks, with several semiconductor-related companies posting double-digit gains during the trading session.