On July 29, Direxion Daily Semiconductors Bull 3x Shares declined 5.4% in after-hours trading, trading at $103.56/share, with turnover of $227 million.

On the news front, the global semiconductor sector extended a broad-based sell-off driven by escalating concerns over AI capital expenditure sustainability. NVIDIA was reportedly planning to provide approximately $250 billion in financing guarantees for OpenAI, intensifying market skepticism over the circular financing logic underlying massive AI infrastructure investments. The Philadelphia Semiconductor Index had previously plunged nearly 5%, with NVIDIA falling nearly 5% and AMD dropping approximately 8%, pushing chip stocks to their lowest levels in over two months.

NXP Semiconductors reported better-than-expected quarterly revenue and earnings and issued above-consensus guidance for Q3, yet still fell over 4% after hours, underscoring the severity of sector-wide selling pressure. As a 3x leveraged bull ETF tracking the 30 largest U.S.-listed semiconductor companies, SOXL's decline was significantly amplified relative to the underlying index movement.

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