Joeljp
10-31 11:06

$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  

Semiconductor equities and broader tech stocks have corrected sharply. There is widespread negative market sentiment and fear in the market. Tech stocks valuation has compressed drastically as a result. I am still in the camp that believes in the AI multi year boom cycle supported by AI infrastructure, advanced chip design, and hardware demand.

I am holding and selectively adding to my core position in SOXX through this tech correction. Maintaining exposure to tier 1 semiconductor leaders such as Nvidia, Broadcom, and AMD allows me to ride through the market correction without succumbing to emotional shake out.

Market sentiment and market correction can remain irrational for as long as it takes. Therefore, one needs to follow a plan to navigate the sharp tech correction to prevent making irrational decisions. Moving forward, I will continue to plan and DCA accordingly to add to my core positions.

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