๐ Chip stocks took a breather this week after +80% H1 โ $MU, $SOXQ still massive YTD
US markets are closed for July 4th, but the holiday-shortened week ended with semiconductor profit-taking as investors locked in gains after semis surged 80%+ in H1 2026. The SOXQ chip ETF is still up 99% for the year, and Micron ($MU) is up 706% in the past year on HBM memory demand from AI data centers that is sold out through 2026. Next up: PepsiCo ($PEP) reports Q2 earnings before the open on July 9 โ analysts expect ~$2.21 EPS โ kicking off a light start to Q2 earnings season. Not financial advice. Are you trimming semis here after the monster run, or holding through earnings season?
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