The Chip Selloff Didn’t Scare Investors: SOXX Drew Record $6.9 Billion In July
SOXX plunged 22.1% in July, its worst month since 2002, yet investors poured a record $6.9 billion into the semiconductor ETF.
Chip stocks dropped a lot in July, but people kept buying the fund that owns them—showing investors still believe in these companies long-term. When prices fall but buyers rush in, it hints people see a good opportunity, not a broken business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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