$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ There is a decent chance SOXL jumps around 32% in after-hours trading because Democrats may signal that there will be no policy changes on semiconductors or AI.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ This looks like an overreaction and a washout of margin accounts. The last 15 minutes of trading really should mark the bottom. I'd expect a bounce heading into the weekend and early next week.
90Tech and AI are still in the early stages of the AI buildout. Some of the negative reaction feels tied to politics that has little or no real impact. Data centers are becoming as common as fast food chains.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Here's my theory. They have to buy the Anthropic IPO in mid November. To raise funds for that, they need to run chips up to extract profit over a couple of weeks. SOXL should rise from here.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ It's all about storytelling. Robots — androids, self-driving vehicles, drones — are coming, AI is here to stay and will keep penetrating, and data centers aren't going to be shut down. Just wait a few months if you can.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Memory cost came up again, and it seems similar to what others have been saying. Memory is eating a big chunk of all that capex — you can see it with Apple, Intel, and now AMD. Memory is a no-brainer at this point. I never really wanted to bring this up, but here we are. MU, SK Hynix, and DRAM names are the ones I'm watching.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Started out pretty excited, like a kid on Christmas morning. All I can say now is yuck. Still, I have high hopes and remain optimistic it'll move back up. Most importantly, I'm doing well, and I sincerely hope everyone else is too. I have patience and believe this will climb.