SOXX, SOXL, SMH Plunge As Chip Stocks Sell Off Amid Supply Chain Concerns
The iShares Semiconductor ETF fell nearly 7% at close, while the Direxion Daily Semiconductor Bull 3X Shares plunged more than 20%, and the VanEck Semiconductor ETF fell nearly 6%. LAM Research CEO Tim Archer said in the earnings call with investors that going into 2027, the company sees “supply chain constraints for certain components continuing … Read more