According to CoinMeta, as reported by A early issuer of in in 2021, the triple-long position on semiconductors ETF-Direxion ( SOXL ) attracted a total of $7 billion in net inflows in the first two weeks of July and August. As of August 24th, SOXL was trading at $111.16, representing a pullback of over 60% from its high of $302. This ETF tracks the New York Stock Exchange Semiconductor Index, with constituents including NVIDIA, Micron Technology, AMD, and Broadcom. A survey by Bank of America found that 53% of respondents preferred a long position on global semiconductors. Fidelity warned that the semiconductor profit cycle is nearing its peak, while Goldman Sachs raised its forecasts for global wafer plant equipment spending from 2026 to 2028 to $150 billion, $218 billion, and $281 billion, respectively. JPMorgan Chase maintained a bullish outlook.