Agar Capital maintains a Sell rating on the iShares Semiconductor ETF (SOXX) due to growing risks from increased Chinese competition and the potential slowdown in AI-related capital expenditures. While China's progress in semiconductor technology is not an immediate threat to key players like ASML, the market is adjusting to the possibility that China could develop a strong domestic semiconductor supply chain over the next decade. Technical analysis of SOXX also shows weakening, with a head-and-shoulders pattern suggesting a potential price drop to $430–$435 unless it rises above $590 to invalidate the pattern.
Nvidia agreed to guarantee up to $105 billion in lease value for OpenAI's data center campus, signaling confidence despite OpenAI's modest recent revenue of $6.7 billion. However, this move did not boost the semiconductor sector, which saw a 5% drop ...
The First Trust Nasdaq Semiconductor ETF (FTXL) has gained 134% over the past year, outperforming the iShares Semiconductor ETF (SOXX) in the current AI-driven cycle. FTXL uses a factor-based model focusing on growth and value within the semiconducto...
Broadcom shares stabilized around $364 after a drop linked to Google's new custom-chip deal with Marvell, which includes a $12.2 billion warrant agreement, signaling a strategic alliance. This move challenges Broadcom's dominance in Google's custom s...
Shares of chip equipment makers like Applied Materials, Lam Research, KLA Corporation, and Teradyne fell 4-5% after concerns arose about the sustainability of AI infrastructure spending. Despite strong year-to-date gains, investors are re-evaluating ...
Stocks declined for a third consecutive session on August 18, driven mainly by weakness in semiconductor stocks, which have been key to the recent market rally. Despite the S&P 500 staying near record highs, concerns over rising Treasury yields, pers...
