Stock Track | Direxion Daily Semiconductors Bull 3x Shares (SOXL) Soars 5.64% in Pre-Market on Micron's $24B Plant and Bullish Industry Forecasts

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Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 5.64% in pre-market trading on Tuesday, reflecting strong investor optimism toward the semiconductor sector.

The rally was driven by specific industry catalysts, including Micron Technology's announcement of plans to build a $24-billion chip manufacturing plant in Singapore to address global supply shortages. This significant capital investment signals confidence in long-term semiconductor demand.

Additional positive sentiment stems from bullish market forecasts, with research firm Omdia projecting China's semiconductor market to grow by 31.26% in 2026, reaching $546.5 billion. The report highlights strong demand driven by AI infrastructure development and memory chip supply constraints.

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