Semiconductor ETF SOXX hits record highs, rally may have peaked ahead of 2026 earnings.

The iShares Semiconductor ETF (SOXX) reached a new intraday high of $511.68, marking a 244% gain since April 2025. This parabolic rally has likely priced in strong earnings expected in 2026, suggesting limited upside from current levels. Investors should consider preparing their portfolios for a potential market cooldown after this rapid surge. The rally's impressive gains highlight the need for caution as valuations may have become stretched.