$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ The biggest semiconductor beneficiary from the Xi-Trump meeting is NVIDIA. I expect NVDA to run at least into earnings. The stock hasn't moved much during the March-April semiconductor wave, and with earnings approaching, the setup is straightforward: if the stock had already exploded the month before, the earnings numbers would be scrutinized heavily; when it hasn't run much compared to peers in the prior month, earnings typically pop. The past NVDA earnings pop-versus-bust ratio is 5:3 over the last eight quarters. That's because the stock had 3 consecutive bust earnings quarters due to massive run-ups the month before. This quarterly earnings could be set up nicely for a run. No guarantees.
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