SOXX surged 96% year-to-date then shed nearly 8% in one week after Broadcom's softer AI chip forecast and SK Hynix slowed memory expansion.
Unlike SMH's NVIDIA-heavy concentration, SOXX's tilt toward Applied Materials and Micron means equipment booking cancellations hit three top weights simultaneously.
Michael Burry holds a January 2027 $330 put on SOXX, betting hyperscaler capex cuts below $1 trillion will unwind the fund's premium valuation.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The iShares Semiconductor ETF (NASDAQ:SOXX) has had one of the most violent round trips in its history. SOXX is up 96% year to date and 148% over the past 12 months, yet it just shed almost 8% in a single week, closing near $590. That whipsaw, triggered by Broadcom's softer AI chip sales forecast and SK Hynix slowing its AI memory expansion, is exactly why the next 12 months for SOXX will hinge on two specific signals, not a generic tech narrative.
Unlike SMH's NVIDIA-heavy concentration, SOXX's tilt toward Applied Materials and Micron means equipment booking cancellations hit three top weights simultaneously.
Michael Burry holds a January 2027 $330 put on SOXX, betting hyperscaler capex cuts below $1 trillion will unwind the fund's premium valuation.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The iShares Semiconductor ETF (NASDAQ:SOXX) has had one of the most violent round trips in its history. SOXX is up 96% year to date and 148% over the past 12 months, yet it just shed almost 8% in a single week, closing near $590. That whipsaw, triggered by Broadcom's softer AI chip sales forecast and SK Hynix slowing its AI memory expansion, is exactly why the next 12 months for SOXX will hinge on two specific signals, not a generic tech narrative.
4 months ago
