$NVDA
Recent headlines surrounding NVIDIA’s CEO could pose a serious headwind for the broader semiconductor market. While $SOXL is hovering near $57, a prolonged negative impact could easily drive it under $40, triggering sharp market pullbacks and fueling major rallies in inverse funds like $SOXS . These vulnerabilities were already surfacing last week. Combined with ongoing pressure from SanDisk, further corrections could make it very difficult for leveraged semi funds like SOXL to rebound to prior highs anytime soon.
Recent headlines surrounding NVIDIA’s CEO could pose a serious headwind for the broader semiconductor market. While $SOXL is hovering near $57, a prolonged negative impact could easily drive it under $40, triggering sharp market pullbacks and fueling major rallies in inverse funds like $SOXS . These vulnerabilities were already surfacing last week. Combined with ongoing pressure from SanDisk, further corrections could make it very difficult for leveraged semi funds like SOXL to rebound to prior highs anytime soon.
