Soxx stock price forecast technical analysts monitoring SOXX ETF

Technical analysts monitoring SOXX ETF highlight MACD crossovers, signaling potential bullish continuation. Price forecast centers around $240 mid-term. However, that underperformance now looks to be changing with ASML stock having gained 22% so far in 2024. A strong earnings print delivered recently and growing demand for its AI microchips is fueling the stock’s rally. The results presented in this section highlight the effectiveness of the proposed sentiment-based framework in improving market return and volatility forecasting. By integrating advanced sentiment modeling techniques, we observe substantial accuracy improvements, which pave the way for innovative theoretical contributions and practical applications in financial analysis. With semiconductor capex hitting record levels, SOXX stock price forecast is supported by long-term growth drivers. Sustained revenue strength in AI chips could re-rate ETF valuations higher.