$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Google's capex is set to increase through 2027. To stay competitive, the other major hyperscalers will likely need to raise their own capital expenditures around the same period. That seems positive for the broader semiconductor sector.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ SOXL holding onto the gains is good to see. I was hoping for a close around $162, but the volume on SOXX is really light, so maybe that level could come into play soon.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The recent action feels pretty weak, to be honest. It seems like we're stuck in a holding pattern for now, until the geopolitical tensions ease up and we get some blowout earnings to push the market higher.
$iShares Semiconductor ETF(SOXX)$ There was significant buying in SOXX today, suggesting we could see a move of over 10% in the next eight to nine trading sessions. That would likely mean $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ should also move up by around 20%. It's not much compared to the drop we've seen, but this could be the start of a reversal.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ To stay competitive, governments and corporations really have to keep investing in semiconductors. The first one to pull back is likely to lose. I think the whole "market rotation" narrative misses the point here. It's worth looking at any price dips as potential opportunities.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ Semiconductors and memory... there's really no question about their long-term potential. The future demand outlook is in a class of its own. I'm not concerned with the noise from the sidelines. I'm holding for the long term.