๐๐๐On Monday, Semiconductor stocks were negatively impacted by news of DeepSeek's AI model R1. However there are green shoots of recovery on Tuesday. SOXL is a leveraged ETF that provides 3 times the daily exposure to a modified market cap weighted index of 30 of US largest and strongest Semiconductor companies. The Top 10 holdings include Broadcom, Nvidia, Qualcomm, AMD, Texas Instruments, Marvell Technology, Lam Research, Analog Devices, Kla Corporation and TSMC.
However SOXL is not suitable for long term hold due to the compounding effects. I believe that the sell off of the semiconductor stocks yesterday was rather overblown as Semiconductors are the picks and shovels of AI.
SOXL is a good short term tactical bet on the future of these major Semiconductor stocks.
@TigerClub @Tiger_comments @CaptainTiger
Comments
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
All the Best ๐๐๐
Great article, would you like to share it?