--- title: "Weekly Recap | SOXQ.US -4.33%, OpenAI revenue scare hits chips" type: "News" locale: "en" url: "https://longbridge.com/en/news/301458479.md" description: "SOXQ.US fell 4.33% this week to $98.93, underperforming the S&P 500 by roughly 5.48 percentage points (the index rose 1.15%). The fund held above $103 through Monday and Tuesday, then lost ground from Wednesday. Thursday marked the steepest single-day drop of 3.28% to $99.42, and Friday ended with a narrow move at $98.93. The weekly high of $105.04 came on Tuesday, the low of $98.25 on Thursday, giving a 6.56% range that reads as a failed push higher followed by a pullback." datetime: "2026-10-10T04:48:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301458479.md) - [en](https://longbridge.com/en/news/301458479.md) - [zh-HK](https://longbridge.com/zh-HK/news/301458479.md) generator: "portal-rs" --- # Weekly Recap | SOXQ.US -4.33%, OpenAI revenue scare hits chips ## The Week SOXQ.US fell 4.33% this week to $98.93, underperforming the S&P 500 by roughly 5.48 percentage points (the index rose 1.15%). The fund held above $103 through Monday and Tuesday, then lost ground from Wednesday. Thursday marked the steepest single-day drop of 3.28% to $99.42, and Friday ended with a narrow move at $98.93. The weekly high of $105.04 came on Tuesday, the low of $98.25 on Thursday, giving a 6.56% range that reads as a failed push higher followed by a pullback. Turnover totalled 4.97 million shares, with daily volume averaging about 0.99 million, roughly 28% below the 60-day median. ## Sector News Semiconductors came under pressure this week. The Philadelphia Semiconductor Index fell more than 3% on Friday, with SanDisk down over 5%, while Citi noted AI capex is still expanding but profit outlooks are diverging. The headline trigger was OpenAI’s revenue coming in $20 billion below earlier reports, which knocked Oracle and Nvidia lower on Thursday before the broad market rebounded on Friday with the Dow up over 400 points — chip names did not keep pace. On the stock side, Marvell received a wave of analyst upgrades and higher price targets after its investor day, Applied Materials and Intel said they will collaborate on AI chipmaking technology, and KLA got a new buy rating. Texas Instruments and Analog Devices underperformed peers on most days. Micron reported fiscal 2026 revenue of about $133.19 billion and EPS of $74.33, while noting a $35 billion buyback plan taking effect in December. ## The Week Ahead The macro calendar focuses on inflation. US CPI and core CPI land on Wednesday, 14 October, with consensus looking for headline CPI to rise to 3.7% year over year and core CPI to 2.5%. That print will shape rate expectations and valuation pressure on growth and technology names. Tuesday, 13 October also brings the NFIB small business optimism index and existing home sales, with the former at 98.7 previously and the latter expected at 3.96. SOXQ.US itself has no earnings on deck, but moves in its major semiconductor holdings or supply-chain news could still drive sharp intraday swings. ## In Short This week sat between an AI repricing and macro noise. OpenAI’s revenue gap forced markets to rethink the pace of AI profit delivery, while Micron’s buyback plan and Marvell’s analyst upgrades gave individual names a floor. At the fund level, SOXQ.US closed at $98.93, still above its 20-day average of $97.69 and 60-day average of $94.45. The latest session showed large-lot money as a net seller, while turnover rate was just 3.11%. The question for next week is whether the CPI print resets rate expectations again, and whether the sector can resume an upward tilt amid divergence rather than uniform selling. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) ## Related News & Research - [OpenAI Rogue AI Agents Probed Nvidia-Linked Hugging Face Weeks Before Major Attack](https://longbridge.com/en/news/299204069.md) - [OpenAI pushes cost-per-task pricing as it expands into chip design and finance](https://longbridge.com/en/news/298399486.md) - [AppLovin Corporation $APP Stock Purchased by Hedeker Wealth LLC](https://longbridge.com/en/news/303049441.md) - [Google's privacy policy lets connected Gmail and Photos data personalize ads](https://longbridge.com/en/news/302987424.md) - [SK Hynix to announce steps to boost shareholder returns on Wednesday](https://longbridge.com/en/news/303016405.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**