May 6, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Semiconductor Mania Grows

Please click here for a chart of leveraged semiconductor ETF (SOXL).

Note the following:

• The chart shows a 312% gain as of this writing in the premarket in leveraged semiconductor ETF SOXL since the March 30 low.
• The gap up shown this morning on the chart is driven by Advanced Micro Devices (AMD) earnings.  AMD earnings were below whisper numbers.  Initially, AMD stock dropped after the earnings release, but the dip was aggressively bought as semiconductor mania is in full swing – any semiconductor company that has any news, even bad news, is seeing aggressive buying.