Stocks

“…SOXX Down 23% From Its Highs…”

“The semiconductor sector, as summarized by the iShares Semiconductor ETF (NASDAQ: SOXX), had a rough go of it in July. The exchange-traded fund plunged a stunning 23% from its highs in just one month, with many of the ETF’s components down by much more.

No doubt, these stocks had run up a stunning 112.8% in the first half of the year — an unusually positive move for sure. Still, given the scale of the AI build-out many anticipate over the next decade, the moves higher are not unwarranted, should some current long-term AI demand estimates prove accurate…”

https://finance.yahoo.com/markets/stocks/articles/buy-soxx-down-23-highs-112000613.html

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