Semiconductor ETF SOXX Eyes Worst Month Since 2001: 5 Shocking Charts To Watch
benzinga_article·- The iShares Semiconductor ETF dropped 27.43 % in July, marking its worst monthly performance since September 2001. - Major industry players experienced historic losses, with Astera Labs, Marvell Technology, and KLA Corp. suffering declines exceeding 43 %. - Despite the broad sector selloff, primary AI beneficiaries like Nvidia and Broadcom remained largely resilient with minor losses.KLA Corp. Stock Outperforms Competitors On Strong Trading Day
MarketWatch Automated·AMAT, KLAC, LRCX Stocks: 5-Star Analyst Sharply Raises Price Targets – Here's Why
Tip Ranks·- Stifel, led by five-star analyst Brian Chin, has raised target prices for Applied Materials, KLA, and Lam Research while maintaining buy ratings on all three semiconductor equipment stocks. - The price increases stem from surging demand for AI systems, which require extensive memory and advanced processors, coupled with the complexity of ramping up chip production. - As a result, Stifel anticipates WFE spending will reach $145 billion to $150 billion in 2026, benefiting the companies differently, with analysts suggesting LRCX has the highest upside potential among the stocks discussed.