$iShares Semiconductor ETF(SOXX.US)Yesterday's close for SOXX and AI related counters were encouraging. The SOXX ETF was…
$iShares Semiconductor ETF(SOXX.US)
Yesterday's close for SOXX and AI related counters were encouraging. The SOXX ETF was up 3.5%. Technical wise, the chart looks to be forming a consolidating pattern on the lower timeframe. They were signs of buying, for example Intel CEO bought 150,000 shares of his company a few days ago. Another encouraging sign is that the US Democrats do not have enough votes to demand regulatory changes and it's a fact that AI data centers bring attractive revenues to their states also. I will continue to watch and invest accordingly following my own plan. Due diligence is needed for all investments.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.