SOXL turns every 1% Nvidia move into 3%. Here’s what $10,000 did in the last 12 months

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The leveraged ETF SOXL surged approximately 393% over the past year, turning a $10,000 investment into roughly $49,270. Driven by sustained gains in semiconductor stocks like Nvidia and Micron, SOXL targets three times the daily performance of the NYSE Semiconductor Index. While this leverage amplified returns during the bull market, the article warns that daily resetting creates path dependence, meaning volatility can erode gains and losses can occur rapidly if the sector reverses.