Direxion Daily Semiconductors Bull 3x Shares (SOXL) skyrocketed 6.17% in Thursday's pre-market trading, 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 amplifying gains seen across the semiconductor sector.

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, part of the administration's broader push to onshore high-tech manufacturing, 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 6.17% gain reflects and amplifies this sector-wide movement, potentially offering higher returns but also carrying higher risks for investors.