Direxion Daily Semiconductors Bull 3x Shares (SOXL) experienced a remarkable surge of 14.37% in pre-market trading on Tuesday, significantly outpacing its previous day's performance. This impressive rally in the leveraged ETF, which aims to deliver three times the daily performance of the ICE Semiconductor Index, comes amid a wave of optimism sweeping through the semiconductor sector.

The surge in SOXL appears to be driven by several factors. Notably, major semiconductor stocks like Nvidia (NVDA) have been showing strength, with NVDA rising 2.74% in pre-market after a 3.5% gain in the previous session. This positive momentum in the semiconductor industry is likely contributing to SOXL's impressive pre-market performance. Additionally, Bernstein analyst Stacy Rasgon's reiterated outperform rating on Nvidia stock, with a price target of $185, has further bolstered investor confidence in the sector.

Options market activity also indicates strong bullish sentiment for SOXL. According to recent data, 73% of SOXL option trades on Monday were call options, suggesting investors are positioning for potential upside. Particularly high volume was observed for the $9 strike call option expiring that Friday, with 36,592 contracts traded. This options activity, combined with the overall positive trend in tech and semiconductor stocks, appears to be fueling investor optimism and contributing to SOXL's pre-market rally. The leveraged nature of SOXL amplifies these positive sentiments, resulting in the significant 14.37% surge observed in pre-market trading.