New York, February 25, 2026, 07:14 EST — Premarket
SoFi Technologies, Inc shares climbed in premarket action Wednesday, getting a lift after Direxion launched a new leveraged ETF linked to the fintech lender’s stock—a fresh angle for traders as a pivotal day for risk appetite looms.
SoFi’s latest bounce is grabbing attention, coming as the stock gets tugged around by this month’s “AI and tariffs” swings that have rattled U.S. equities. Leveraged products tend to front-load trading into the first hour, sharpening price moves—sometimes with no fresh earnings news or company filings to explain the action.
SoFi climbed 2.6% to $19.15 as of 7:11 a.m. ET. Shares had ended Tuesday at $18.66, bouncing back after dropping 4.2% on Monday. (StockAnalysis)
Direxion rolled out four single-stock leveraged ETFs on Tuesday, among them the Direxion Daily SOFI Bull 2X ETF (SOFA). “Our new Single Stock Leveraged ETFs give traders precise tools to express short-term views,” said Mo Sparks, the firm’s chief product officer, in a statement. (GlobeNewswire)
A leveraged ETF looks to double up on the daily swings of its underlying stock—this one tracks roughly 200% of SoFi’s one-day performance before fees and expenses kick in. That leverage resets every session, so over time, actual returns can veer well off what a “2x” tag might lead investors to expect.
U.S. stock-index futures edged up as traders braced for Nvidia’s earnings after the bell—a session marked by choppy action tied to AI worries and tariff questions, according to Reuters. Fed officials are slated to speak throughout the day, and investors are listening in. (Reuters)
But extra leverage in the system is a double-edged sword. Should risk-off trading return—thanks to Nvidia’s numbers, tariff chatter, or a quick spike in rate expectations—the unwind can hit fast, sending high-beta stocks like SoFi sharply lower.
After Wednesday’s broader market events, traders are now looking ahead to SoFi’s earnings, set for May 4, as listed on Investing.com’s earnings calendar. (Investing)
