SOXS

Direxion Daily Semiconductor Bear 3X Shares

Trump is bringing along more than a dozen U.S. business executives to Beijing this week, where he said he will urge Chinese President Xi Jinping to “open up” China.

Burry compared the ongoing semiconductor rally to the dot-com era boom, overlaying the Philadelphia Semiconductor Index from 1996-2000 with its performance since 2022 to highlight similarities between the two runs.

Expects Q2 revenue of $11.2 billion, exceeding expectations of $10.5 billion.

The contrarian investor revealed in a Substack post that he has purchased puts on the iShares Semiconductor ETF (SOXX), a popular exchange-traded fund tracking American semiconductor companies, and noted that it is a new position.

As U.S.-China trade tensions intensify again, ETFs like SMH, XLK, TSLT, BJK, XRT, RTH, LGHT, and USO are likely to come under pressure.

ACM Research’s stock has had a 92x increase in chatter over the last 7 days, the highest among semiconductor stocks, second only to Marvell Technology.

Despite the better-than-expected earnings, retail sentiment remained in the bearish territory (40/100) on Stocktwits supported by extremely high message volumes (93/100) that hit a one-year high.