SOXL stock price today is pegged at $42.85 while sector earnings revisions emerge. Analysts track inventory cycles in DRAM and NAND markets as potential catalysts. That was on July 29. Today, it’s up to $172.34 and could push even higher. For one, as noted above, July sales soared 45%. Two, recent earnings growth was impressive and is only expected to improve with chip demand. We also have to consider that TSM manufactures about two-thirds of global semiconductors and circuitry. AI is likely the hottest market available to investors now—at an estimated size of more than $243 billion this year, it is projected to more than triple by 2030 . And yet, as a burgeoning industry, AI is populated by both tech stalwarts using their weight to influence the space and much smaller, more agile newcomers racing to develop essential technologies. It is also, unfortunately, home to an unsurprisingly large number of firms attempting to capitalize on the rapid rise of AI in general without necessarily contributing much to the industry. Options flow suggests institutional hedging activities are actively shaping intraday movements.