soxl yahoo finance signals that the ETF is correlated 0.87 with Philadelphia Semiconductor Index, keeping traders focused on sector-wide earnings surprises as key price drivers. Technological innovation will need the help of semiconductors to help power applications like AI. That said, traders can look at the Direxion Daily Semiconductor Bull 3X ETF (SOXL) . The fund seeks daily investment results equal to 300% of the daily performance of the PHLX Semiconductor Sector Index. Meanwhile, retail sales slowed in April as Trump's tariffs weighed on US consumers. soxl yahoo finance shows a 3-month gain of over 18%, driven by upbeat earnings from key semiconductor firms. Analysts see potential upside toward $45 if macroeconomic indicators, especially CPI and interest rate decisions, remain favorable for tech growth.