SOXX and SOXL slip premarket, but retail investors stay extremely bullish
Semiconductor ETFs SOXX and SOXL turned negative before the open after Monday's gains, while retail investors look ahead to strong tech earnings this week.
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what happened
According to Stocktwits, technology and AI-focused funds gave back Monday's gains and slipped into negative territory in premarket trading on Tuesday. SOXX was down more than 1%, while SOXL lost over 4% at the time of writing.
Last week the chip sector took a heavy hit on worries about AI spending and rising debt, with SOXX falling nearly 12% and SOXL closing about 33% lower. Sentiment improved on Monday as outlooks turned more positive and earnings expectations rose. Results from Tesla, IBM, Lam Research and Texas Instruments are due this week.
why it matters
Earnings from large technology companies and comments on AI spending by major cloud providers will be the main drivers for the sector, since they will show how durable chip demand is. Volatility in semiconductor funds remains high, so the market reaction to the reports could be sharp in either direction.
market impact
Semiconductor ETFs: tech earnings and AI spending will set the direction for the chip sector
tags
instruments
sources
- SOXX, SOXL Retreat To Red Premarket, But Retail Is 'Extremely Bullish' Ahead Of Tech Earnings — Stocktwits, 20 October 2026 at 08:04 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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