Between the close on August 19 and the close on October 14, 2026, the iShares Semiconductor ETF (SOXX) went from $519.67 to $519.42. Thirty-nine trading sessions, a climb to $589 in early October and a slide back, and the chip index ended where it started. Over the same stretch the Direxion Daily Semiconductor Bull 3X (SOXL) lost about 8.4% and its mirror image, the Direxion … [Read more...] about Leveraged Semiconductor ETFs Lose Money in Sideways Markets, Here Is the Math
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Sandisk SNDK Q1 Preview Hinges on a December Guide Above $12 Billion
Sandisk reports fiscal first quarter 2027 results on Thursday, October 29, after the close, and the September quarter is already spoken for. Management guided in August to revenue of $10.3 billion to $10.8 billion, gross margin of 83% to 85% and adjusted EPS of $44 to $46. Consensus sits at roughly $10.7 billion and $46 to $47, near the top of the range. Sandisk has beaten in … [Read more...] about Sandisk SNDK Q1 Preview Hinges on a December Guide Above $12 Billion
Applied Materials Raises Besi Stake to 20 Percent as Chip Filings Point to the Packaging Layer
Applied Materials filed an 8-K on Monday that says less than it does. The company signed an accelerated share purchase agreement for shares of BE Semiconductor Industries which, added to the 9% it bought in April 2025, will take it to about 20% of Besi's outstanding stock. There is no price in the filing and no share count. Applied repeated the two lines it used eighteen months … [Read more...] about Applied Materials Raises Besi Stake to 20 Percent as Chip Filings Point to the Packaging Layer