iShares Semiconductor ETF (SOXX) — Technical state

Long reads

• Cloud — the AI fund near its 2021 record while the chip funds fall backChart Pick · 9 Oct 2026Since then the semiconductor fund SOXX has fallen 14.0% and SMH 9.2%.
• Bitcoin — New Life for the Coins and the StocksWeekly Signal · 20 Sept 2026
• Cybersecurity — Sold on Price, Bought on FlowWeekly Signal · 13 Sept 2026
• Two and a half months of lower highs, then a second low that held above the first — and on Friday the oscillator turned.Chart Pick · 4 Sept 2026Across the funds, SOXX is up about 3%, SMH and the equal-weight XSD about 2.5%, this fund about 2%.
• Gold and Bitcoin — The Hedges Bear No InterestWeekly Signal · 2 Aug 2026
• AI Capex — The Tell Fired TwiceWeekly Signal · 26 Jul 2026The lines said: SOXX above 530–532 Friday overturns distribution, below 522.24 extends it.
• AI Trade — The Rotation Is Inevitable. The Date Is Not.Strategy · 26 Jul 2026Expect SOXX to test the 530–532 band from below, possibly reclaim it, and expect the tape to read as if the rotation were cancelled.
• Sector Rotation — Three Rotations, One WeekWeekly Signal · 19 Jul 2026Last Sunday's signal said the market had priced the good outcome before seeing a single print, with SOXX the referee between 554 and 590.

101 and glossary

• Functional IndexGlossaryReveals structural dynamics that cap-weighted ETFs (SMH, SOXX) miss.
• Why Functional Indices Beat Cap-Weighted Semiconductor ETFs101Cap-weighted semiconductor ETFs like SMH and SOXX are not supply chain tools — they are NVIDIA proxies.
• Why Semiconductor ETFs Miss the Real Story101The most popular semiconductor ETFs — VanEck SMH and iShares SOXX — are marketed as broad semiconductor exposure.

Dailies

• Banks — More Profit, Still Not EnoughDaily Pulse · 13 Oct 2026In New York on Monday the chip fund SOXX lost 2.6% while the S&P 500 ended flat at 7,807.24, 0.15% below its record.
• Korea — Kospi −5.5% breaks its 18-month uptrend; SK Hynix and Samsung about −8% on a China memory scareMorning 10 · 13 Oct 2026In New York on Monday the S&P 500 ended flat at 7,807.24 while the chip fund SOXX fell 2.6% and Micron closed below $1,000.
• Chips — memory and optics sold again: Lumentum −7.7%, SanDisk −6.5%, chip fund −2.6%; Meta +3.8%Midday 10 · 12 Oct 2026The chip fund SOXX is down 2.6%; Lumentum −7.7%, Ciena −7.8%, SanDisk −6.5%, Micron −4.0%.
• Earnings Week — Banks First, Then the AI TestDaily Pulse · 12 Oct 2026The chip fund SOXX fell 5.0% last week and is 14.6% below its June high; TSMC's US shares are 6.7% below their 5 October record, ASML 10.5% below its June high.
• Korea — Kospi −3.5% on its first day back as chipmakers catch up; SpaceX deal sinks T-Mobile 13%Morning 10 · 12 Oct 2026It missed the end of a week in which the US chip index fund SOXX fell 5.0%.
• Portfolios — No Trades as Chips Fell 5%Daily Pulse · 10 Oct 2026That is worth writing down in a week when the chip fund SOXX fell 5.0 percent and the books' chip-heavy lines carried most of the damage.
• AI Trade — Capex Sold, Apps BoughtDaily Pulse · 9 Oct 2026Table as text Stage Measure Since 22 June Since 31 August Build (capex) Rubin Build-Out EW −15.8% +8.9% Build (capex) Chip fund SMH / SOXX −9.2% / −14.0% +9.1% / +10.2% Operate (opex) Agentic Infrastructure EW +21.1% +6.6% Operate (opex)…
• AI Trade — cloud fund +2.9% on a second up day, security +2.7%; chips −0.9% again, Delta −1.6% on fuelMidday 10 · 9 Oct 2026The chip funds fall again: SOXX −0.9%, SMH −0.8%.