SOXL Semiconductor Leveraged ETF Sees Nearly $7 Billion Net Inflow in Two Months
As of August 24, the Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) has attracted nearly $7 billion in net inflows over the first two weeks of July and August, despite a significant pullback in global chip stocks since late June. SOXL is currently priced at $111.16, down over 60% from its previous high of $302. This ETF tracks the NYSE Semiconductor Index, with holdings including Nvidia, Micron Technology, AMD, and Broadcom. A Bank of America global fund manager survey in August revealed that 53% of respondents chose to "go long on global semiconductors," a notable decline from last month's historical peak of 82%. Fidelity warned that the semiconductor industry's approximately 40-month earnings cycle may be nearing its peak, suggesting that leveraged products like SOXL, which reset daily, could amplify losses if the industry cycle reverses. Goldman Sachs significantly raised its expectations for global semiconductor fab equipment spending for 2026 to 2028 to $150 billion, $218 billion, and $281 billion, believing that the AI-driven semiconductor supercycle is likely to extend through 2028. JPMorgan also maintains a bullish outlook, stating that the semiconductor sector, following its recent pullback, is attractive.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

JPMorgan Cuts Off Funding to AI Guru Leopold's Hedge Fund

Coinbase CEO Says Clarity Act Vote Results Will Benefit the Crypto Industry

ByteDance Secures $29.6 Billion Loan for AI Development

Anthropic Finalizes $15 Billion Pre-IPO Revolving Credit Facility

Accelevation, Data Center Provider, Goes Public

Goldman Sachs, BofA and 19 Other Banks Plan U.S. Dollar Stablecoin Launch

JPMorgan Evaluates Launching Its Own Stablecoin

Uzbekistan Central Bank Discusses Forex Reserve Investment with Wall Street Giants

Foreign Securities Firms' Q2 Net Profit Up 214%, JPMorgan Earns Approximately $148 Million

Anthropic Reports 14-Fold Revenue Increase and Prepares for IPO

Trump Media Group Exits Crypto.com Related Businesses, BlackRock Holds 51 Million Shares of SpaceX

Wells Fargo to Launch Tokenized Deposits for Clients

Trump to Impose New Tariffs on Dozens of Countries as Demand for AI Supply Chain Rises

Data Center Company Switch Aims for $80 Billion Valuation with Q4 IPO

Anchorage Digital launches a tokenized deposit platform to help banks achieve on-chain settlement

OpenAI has discussed participating in the IPO with Citigroup and JPMorgan Chase

JPMorgan appoints former Goldman Sachs executive as head of blockchain division Kinexys

Insiders: SpaceX teams up with 21 banks to prepare for IPO

U.S. regulators have issued warnings to payment companies like Visa regarding the issue of "de-banking."

The U.S. banking industry is considering suing the OCC in protest of the easing of bank license issuance for cryptocurrency companies

The American banking industry plans to sue the OCC in protest of the easing of bank license issuance for cryptocurrency companies













