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Investor goes all in on iShares Semiconductor ETF as chip sector shows signs of bottoming out

Market News
12 Nov 2026, 22:31 WIB
Seeking Alpha
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Bullish
Investor goes all in on iShares Semiconductor ETF as chip sector shows signs of bottoming out

Investor James Foord is fully investing in the iShares Semiconductor ETF (SOXX), citing extreme bearish sentiment, reduced leverage, and strong fundamentals as signals that the semiconductor sector has bottomed. Despite recent challenges like a board investigation at Nvidia and a hawkish Fed, key indicators such as rising GPU rental prices and an oversubscribed Anthropic IPO support a positive outlook. Technical analysis suggests a potential breakout above $160 or a drop to $110 could present compelling opportunities. This move highlights confidence in leading U.S. chip companies amid mixed market signals.

While investor James Foord is bullish on the semiconductor sector through SOXX, the ETF trades at USD 154.33 as of Nov 13, 2026 03:41 WIB, closer to its 52-week low of USD 89.37 than its high of USD 218.34. Nvidia, a key player in the sector, is priced at USD 164.19 but down 5.49% on the day, contrasting with SOXX's smaller 0.69% decline. On Pluang, SOXX sees more sell orders (59%) compared to Nvidia's 16%, reflecting differing investor sentiment within the chip space at this time.

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