I really didn't expect the semiconductor rally tonight. The Fed stayed on the sidelines, BTC struggled at 64,000, and as a result, the chip sector surged across the board. SOXX +5.4% surged to 632, just a hair away from the 52-week high of 632. SMH +4.8% reached 653, also at the doorstep of its all-time high.


No earnings catalysts, no big news. Just buying, pure buying. I don't know where the money came from, but this trend isn't driven by retail investors.
TSLA is falling, BTC is falling, chips are rising. Money is selectively grouping. The story of AI computing power is not finished yet.
SOXX held at 632, a new era. If it doesn't hold, a pullback to around 600 for consolidation is also very normal.
Tonight, I am only watching one thing: whether SOXX can close above the new high.
BTC-5.38%
SOXX5.97%
SMH5.61%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned