Semiconductor Stocks Have Already Crashed!
#Semiconductors #Marketsentimentstoday #MarketExperts #MarketIndicator #marketCrush Semiconductor stocks have taken a significant hit, as seen in the Semiconductor ETF (SOXL), which dropped from a high of $70 in April 2024 to $25.96 as of September 6th, 2024.
The Philadelphia Semiconductor Index is in serious trouble, with potential for further declines if the ETF breaks below its recent low of $23.
Traders anticipating a continued crash may consider shorting semiconductor stocks using SOXS, which has already surged 50% this summer.
The situation highlights the challenges ahead for the semiconductor sector.