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Semiconductor stocks were in focus on Thursday as the sector fell sharply after LAM Research CEO Tim Archer cited 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%.
Trump accused Iran of deliberately pushing oil prices higher ahead of the U.S. midterm elections, while Brent crude futures rose above $111 a barrel.
SOXL dropped to a six-month low as chip stocks came under pressure. Nvidia CEO's warning and a surge in oil prices may hold clues to what spooked investors.

SOXL fell about 20% in a month, but short interest dropped 65.6% and institutions like JPMorgan expanded holdings, signaling bets on a semiconductor sector rebound.
SOXS and SOXL see trading volumes surge to 1.53 and 1.48 times their averages, respectively, as semiconductor ETFs post sharply divergent daily moves.
A leveraged semiconductor fund led all ETFs last week even as chip stocks suffered their worst week in more than a year.
Big Tech Earnings Ahead Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo

Bullish on semiconductors, supported by strong AI demand across GPUs, custom ASICs, memory, networking, and foundries. Read more on SOXL ETF here.

AI Existential Risk Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s
What goes down fast can go back up just as quickly when sentiment recovers.
In an interview with CNBC, Evercore founder Roger Altman backed calls from Elon Musk, Sam Altman and Dario Amodei for slower AI development and stronger safeguards.
In an interview with CNBC, Yardeni stated that existing data center constraints make a significant slowdown in AI infrastructure construction unlikely.
AI Safety Warnings Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors are important because semiconductors have been the

Here are the daily ETF fund flows for August 25, 2026.
BlackRock cut the minimum size for a Bitcoin-to-ETF swap to $1 million in July, from $25 million when the process first became available.
China is coming for American chip stocks' market share -- and investors are scared.
A key trading signal flashed for SOXL ETF at a price of $106.28. after which SOXL rose more than 5% to an intraday high.

AI Boom Warning Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s