Search results for SOXX
Crypto
Altcoins outperform bitcoin after U.S. rate hike, analysis shows
Altcoins posted larger gains than bitcoin after a U.S. rate hike, an analysis showed. Binance Research said market advances in both stocks and cryptocurrencies were concentrated in certain sectors as rising real yields drove U.S. Treasury moves. It said the median gain of 194 crypto assets was 21 percent, beating bitcoin and ether. In the past week, crypto prices weakened, while flows into stock-linked products favored semiconductors and other sectors.
Finance
KODEX US Semiconductors adds SK hynix ADR
Samsung Asset Management’s KODEX US Semiconductors exchange-traded fund has added SK hynix American depositary receipts after a regular change to its underlying index. The company said the inclusion follows the September rebalancing of the MVIS US Listed Semiconductor 25 Index, with an estimated weight of about 4.8 percent. SK hynix ADRs joined the index about two months after listing on Nasdaq on July 10.
AI & Enterprise
Big Short\'s Michael Burry resumes Tesla short, targets Nvidia and semiconductor ETF
Investor Michael Burry, known as the real-life figure behind the film \'The Big Short\', disclosed a new short position in Tesla at $416.22 as part of a broader wager against what he called overheating in AI and semiconductors. He also listed shorts in Caterpillar, Nvidia, iShares Semiconductor ETF and Applied Materials. He did not disclose the size or structure of the Tesla position. Burry argued semiconductor valuations are at an extreme level.
