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SOXL Plummets as Rates Rise | Business and Finance News
Published 2 weeks ago
Description
SOXL just tanked nearly 19%—tripling the semiconductor market’s plunge—amid rising bond yields and a shift from tech to safer bets, even as AI demand keeps the year up 200%. Higher rates are chilling future chip earnings, and with yields hitting 2007 levels, investors brace for more turbulence in this high-flying, high-risk sector.
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