The SOX has surged 50%, with record overbought RSI readings. History suggests a near-term pullback (5–11%), followed by potential upside over weeks, but elevated one-year downside risk, consistent with Elliott wave resets.
Invesco Semiconductor ETF PSI hits a 52-week high, powered by AI demand, strong chip earnings and rising investor inflows.
Parabolic moves in the market ‘only end one way,' says BTIG's Krinsky
Launched on 06/23/2005, the Invesco Semiconductors ETF (PSI) is a smart beta exchange traded fund offering broad exposure to the Technology ETFs category of the market.
Invesco Semiconductors ETF has outperformed the newer Xtrackers Semiconductor Select Equity ETF, delivering a 6.5% total return in under a quarter. PSI's edge stems from its concentrated U.S.-only portfolio, high 78% turnover, and a quant-driven strategy focused on momentum, management, and valuation. CHPS, with a lower 0.15% expense ratio and 25% Asian exposure, follows an ESG-screened, globally diversified approach but lacks PSI's IP-rich U.S. focus.
Launched on June 23, 2005, the Invesco Semiconductors ETF (PSI) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Semiconductors segment of the equity market.
Semiconductor stocks have spent the past month getting hit from multiple directions: export control uncertainty, broader market volatility, and a VIX that climbed to nearly 30 in early March before settling around 25.
Iran's strike on Qatar slashes helium supply, raising fears of chip disruption but also hinting at semiconductor ETF buying opportunities.
It's hard to resist a great deal on Wall Street, especially with valuations still skewed towards the higher end.
The Invesco Semiconductors ETF offers a balanced exposure to the semi industry while bypassing the high valuations of AI frontrunners. The fund delivered a 13% gain since the beginning of the year amid escalating concerns over the AI bubble and data center infrastructure build-out. I am bullish on PSI ETF prospects, as the fund could provide up to 28% upside potential over the next 12 months.
Launched on 06/23/2005, the Invesco Semiconductors ETF (PSI) is a smart beta exchange traded fund offering broad exposure to the Technology ETFs category of the market.
The Invesco Semiconductors ETF (NYSEARCA:PSI) has captured the AI infrastructure boom with a 45% surge over the past year.