๐“๐ก๐ž ๐…๐ž๐ ๐œ๐š๐ง ๐ก๐ข๐ค๐ž ๐ซ๐š๐ญ๐ž๐ฌ ๐š๐ง๐ ๐ฌ๐ž๐ฆ๐ข๐ฌ ๐œ๐š๐ง ๐ฌ๐ญ๐ข๐ฅ๐ฅ ๐ซ๐š๐ฅ๐ฅ๐ฒ.

Sounds backwards, but the bigger problem for semiconductor stocks may not be one rate hike.

Itโ€™s the fear that thereโ€™s no clear end to the tightening cycle.

After the June 2022 hawkish FOMC surprise, the S&P 500 barely moved, yet the SOX Index gained roughly 15% over the next three months.

Why? Once markets started seeing a clearer path toward the peak in rates, semis had room to trade on something else: fundamentals.

And right now, AI capex is a pretty big โ€œsomething else.โ€

Data centers, advanced chips and AI infrastructure are still driving massive spending, so the semiconductor story isnโ€™t just about what the Fed does next.

For me, the bigger question is: when does the market finally get clarity on where rates peak?

Thatโ€™s the part Iโ€™m watching on the semiconductor setup on BingX TradFi.

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