$iShares Semiconductor ETF(SOX

$iShares Semiconductor ETF(SOXX)$ Compared to historical standards, it does look way overvalued. But if you put SOXX and $VanEck Semiconductor ETF(SMH)$ next to $Invesco QQQ(QQQ)$ , semis are actually way undervalued. That's exactly why so many eager shorts in $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ got hurt.

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