Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTDanielle LiveranceTue, August 4, 2026 at 7:19 PM GMT+2 5 min readQuick ReadKORU surged 19% and SOXL rebounded hard Tuesday after losing 41% and 36% respectively during the prior month's tariff-driven selloff.Bank of America's Vivek Arya reiterated a $1,550 price target on Micron, sparking an 8% single-day jump that lifted SOXX 6%.Despite KORU's 326% one-year gain, the fund has lost 16% over five years, showing how daily compounding erodes leveraged returns across choppy periods.Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.Semiconductor ETFs staged a violent rebound Tuesday as Bank of America analyst Vivek Arya reiterated a Buy rating and a $1,550 price target on Micron Technology (NASDAQ:MU), reigniting the AI-memory trade after a brutal late-July tariff-driven selloff. Micron was up 8% to $894.81 intraday, dragging the broader chip complex higher and lifting Korea's memory giants Samsung and SK Hynix alongside it. The iShares Semiconductor ETF (NASDAQ:SOXX) climbed 6% in Tuesday's session, while the leveraged Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA:SOXL) and Direxion Daily MSCI South Korea Bull 3X Shares (NYSEARCA:KORU) amplified the move (both up about 19%).24/7 Wall St.This is a bounce inside a whipsawing tape, off a deep drawdown. Over the trailing month, SOXL had shed 36% and KORU had lost 41% as new US tariffs targeting semiconductor supply-chain nations blew through the sector. Tuesday's action is a sharp reversal on a single-name catalyst, and the size of the moves reflects both positioning and the mechanical leverage embedded in two of the three funds._________________________________What's Your Number...?Here's a question most people 5y from retirement can't answer: at your current savings rate, how much do you need, and how long will it actually last? A good advisor can put a date on that in a single meeting. SmartAsset's free quiz matches you with up to three fiduciary advisors serving your area, so you can get YOUR retirement number now (sponsor)__________________________________________Direxion Daily Semiconductor Bull 3X Shares (SOXL)SOXL is a complex, higher-fee, daily-reset 3x leveraged product. It targets three times the daily return of its semiconductor index using swap exposure layered on a cash and short-term Treasury base. Micron itself is one of the largest reference weights inside that basket at 4.33% of net assets, so the BofA note landed on a fund built to torque exactly this catalyst.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info