SOXL is a 3x leveraged ETF, whose top 5 holdings are TXN, NVDA, QCOM, INTC, and AVGO. Earlier today, TXN endured a massive sell-off following their unimpressive earnings report, resulting in a hard drop in price for SOXL, as well. However, I don't expect TXN to stay down past this trading week, and when it rebounds, SOXL will be along for the ride. The semiconductors industry is red hot.