Soxx stock price forecast with semiconductor capex hitting record

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. As the engine of artificial intelligence ( AI ) models and applications, stocks of microchip and semiconductor companies remain red hot. The iShares Semiconductor ETF (NASDAQ: SOXX ) has risen 45% in the last 12 months, including a 6% increase this year. The discount retailer earned $1.86 per share for the period, above the $1.57 in earnings per share that analysts were looking for, according to LSEG. Its revenue of $10.73 billion likewise came in above the consensus estimate of $10.69 billion. SOXX stock price forecast benefits from Nvidia’s strong quarterly projections. Momentum traders eye $238 as intermediate resistance, using pullbacks for entry.