---
title: "Weekly Recap | SOXQ.US -3.22%, closing in on range lows"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302943554.md"
description: "SOXQ.US fell 3.22% this week to close at $84.82, while the S&P 500 slipped 0.47%, leaving the ETF roughly 2.75 percentage points behind the benchmark. Trading was choppy and top-heavy: the week opened at $90.51 on Monday, peaked at $90.98, then gave ground. A brief bounce on Wednesday faded sharply on Thursday, when the ETF dropped to a low of $83.91, its lowest since 6 October, before a modest recovery to $84.82 on Friday. Daily volume averaged about 1."
datetime: "2026-10-24T04:49:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302943554.md)
  - [en](https://longbridge.com/en/news/302943554.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302943554.md)
generator: "portal-rs"
---

# Weekly Recap | SOXQ.US -3.22%, closing in on range lows

## The Week

SOXQ.US fell 3.22% this week to close at $84.82, while the S&P 500 slipped 0.47%, leaving the ETF roughly 2.75 percentage points behind the benchmark. Trading was choppy and top-heavy: the week opened at $90.51 on Monday, peaked at $90.98, then gave ground. A brief bounce on Wednesday faded sharply on Thursday, when the ETF dropped to a low of $83.91, its lowest since 6 October, before a modest recovery to $84.82 on Friday. Daily volume averaged about 1.7m shares, around 34% above the median, pointing to heavier-than-usual turnover.

## Sector News

Semiconductor sentiment swung both ways this week. US chip stocks rebounded on Monday after their steepest weekly sell-off in months, and a positive AI demand outlook lifted the sector on Wednesday. From Thursday onward, AI financing worries resurfaced: Nasdaq futures fell more than 1%, with AMD, Intel and Marvell under pressure. Texas Instruments was in focus after its earnings report, where the CEO said data-centre demand was still growing. Taiwan Semiconductor rose on record profit but struck a cautious tone on 2027, and Intel gained after winning an FCC waiver. Overall, the sector was pulled between AI optimism and cost concerns.

## The Week Ahead

The macro calendar is busy next week. On Tuesday, US durable goods orders are due, with a consensus forecast of 1.5 after a prior reading of -0.1; ex-transport orders are seen at 0.6 after 0.2. New home sales are expected at 0.65m after 0.684m, and consumer confidence is forecast at 81 after 81.9. The same day brings FHFA house prices and the Case Shiller 20-city index. Beyond the data, the unresolved debate over AI buildout costs and data-centre demand leaves the sector watching upcoming earnings from key AI names for confirmation.

## In Short

SOXQ.US extended its pullback this week, closing near the low end of its October range on elevated volume, a sign of widening disagreement. On the news front, AI demand optimism and worries about buildout costs took turns driving sentiment. Texas Instruments and Taiwan Semiconductor delivered signs of ongoing data-centre strength, but also cautious commentary on the years ahead. The question now is whether next week’s macro data and more AI earnings can pull money back into semis.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**