$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I've been wrestling with whether to make a big bet on NVDA earnings or skip it. Over the past 2-3 years, its post-earnings performance shows a sell-off to pop ratio of about 5:3, which isn't ideal betting odds, though every pop ranged from 10% to over 20%. For me, diving deep into the data, NVDA's setup going into this earnings looks very compelling. It's the only undervalued GPU/CPU/AI stock that missed the historical semiconductor/memory rally from March through May, and it's currently trading about 40% below even the most conservative analyst target price, while its peers are above their targets. I don't get why the biggest true winner, NVDA, is lagging, while more marginal data center players like AVGO, MRVL, and INTC keep getting hyped beyond reasonable P/E levels.
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