iShares PHLX SOX Semiconductor
Investment Thesis
SOXX at $342.47 is overextended after a 20% monthly surge and faces imminent tariff headwinds. President Trump's new semiconductor tariffs [7] combined with bearish technical divergence (RSI declining despite new highs) and geopolitical volatility create conditions for a 7-10% correction toward the $315-320 support zone before the next leg higher.
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