SOXL in Focus: Nvidia Earnings Weigh on Semiconductor ETF

SOXL hovered near the top of retail-investor discussion on Reddit, driven by Nvidia's earnings report due after the close.
The ETF is down 61% from its all-time high, making Nvidia's results a critical swing factor for leveraged semiconductor bulls.
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$NVDA options move of 5.4% is priced in, representing a potential $280 billion market-cap swing.

On August 26, 2026,

$SOXL became a focal point for retail traders on Reddit, largely because of the day's most anticipated event:

$NVDA earnings after the bell. The leveraged ETF, which seeks triple the daily return of the semiconductor index, has been under severe pressure, dropping 61% from its all-time high. With Nvidia representing a massive weighting in the sector, its earnings report became a make-or-break moment for SOXL holders.

Reddit Reacts: Hope and Anxiety

Two posts captured the sentiment on Reddit. In r/wallstreetbets, a user shared they were "all in" on

$SOXX and

$SOXL after losing more than half their net worth on options. The post, which garnered 163 upvotes and 110 comments, reflected a mix of fear and hope, asking for reassurance about their entry timing. Meanwhile, in r/smallstreetbets, another user posted "Today is the day!!! Godspeed," directly linking Nvidia's earnings to SOXL's fate. That post noted that Nvidia's options market was pricing a 5.4% post-earnings stock move, equal to a $280 billion market-cap swing, and that the ETF's deep drawdown made the report crucial for leveraged bulls.

SOXL

While no same-day news articles were ingested for SOXL specifically, the broader semiconductor sector is heavily influenced by Nvidia, which reports fiscal second-quarter results after the close. The consensus EPS estimate stands at $2.09 on revenue of $92.27 billion. For SOXL, which amplifies daily moves in the semiconductor index, a strong Nvidia report could reverse some of the recent losses, while a miss might deepen the decline.

Retail investors are clearly watching the tape closely. The post in r/smallstreetbets captured the urgency: "Good luck everyone." With SOXL down so sharply from its peak, the earnings outcome could determine whether the ETF's leveraged bulls get a reprieve or face further pain.

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