Stock Track | SOXL Soars 7.17% in Pre-Market as Chip Stocks Rally on News of Trump's China Trip with Tech CEOs

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Direxion Daily Semiconductors Bull 3x Shares (SOXL) surged 7.17% during pre-market trading on Friday, reflecting a broad rebound in semiconductor stocks.

The rally comes amid reports that the Trump administration is inviting CEOs from major technology and semiconductor companies, including Nvidia and Qualcomm, to accompany the president on his upcoming trip to China. Executives from Apple, Exxon, Boeing, Blackstone, Citigroup, and Visa are also on the invitation list according to reports.

This development has fueled optimism among traders regarding potential improvements in U.S.-China trade relations and new business opportunities for the semiconductor sector, driving significant gains across chip-related stocks.

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