SOXX stock price forecast benefits from Nvidia’s strong quarterly projections. Momentum traders eye $238 as intermediate resistance, using pullbacks for entry. Intel has been actively cutting costs, including workforce reductions and divesting smaller business units. Notably, it spun off its programmable chip unit and made its self-driving car subsidiary, Mobileye, an independent entity in 2022. These actions led to a cost reduction of $3 billion last year. The same construction can be extended to include more stocks. SOXX price forecast reflects optimism about U.S. CHIPS Act subsidies. Near-term target sits around $238, with extended gains possible if capital expenditures accelerate.