.July 30, 2024 05:51:04 AM

The iShares Semiconductor ETF (NASDAQ:SOXX) has experienced a significant one-year gain of 28.28% with a Price-to-Earnings (PE) ratio of 36, but is now facing uncertainty as the earnings season approaches. The recent drop in SOXX’s value, the most significant since April, is attributed to investors’ cautious approach ahead of earnings reports from major semiconductor companies. Capital expenditure (CapEx) announcements from mega-cap technology companies during the earnings season could have a significant impact on SOXX’s performance, depending on the future demand for semiconductors. Investors are closely monitoring the situation as the ETF navigates this critical period.