[Semiconductor Leveraged ETF Continues to Attract Inflows: SOXL Sees Nearly $7 Billion Net Inflows in Two Months] BlockBeats News, August 26: Despite a significant pullback in global chip stocks since late June, funds have been flowing into semiconductor leveraged ETFs against the trend. Data shows that the 3x leveraged long semiconductor ETF - Direxion (SOXL) attracted nearly $7 billion in net inflows in July and the first two weeks of August combined, exhibiting a clear "buy the dip" pattern. As of August 24, SOXL was priced at $111.16, down more than 60% from its previous high of $302. This ETF tracks the NYSE Arca Semiconductor Index, with constituent stocks including NVIDIA, Micron Technology, AMD, and Broadcom. Semiconductors remain the most crowded trade globally. According to Bank of America's August Global Fund Manager Survey, 53% of respondents chose "long global semiconductors," a notable cooling from last month's historic peak of 82%. However, institutions are divided on the industry's outlook. Fidelity has warned that the approximately 40-month profit cycle for semiconductors may be nearing its peak, suggesting that leveraged products like SOXL, which reset daily, could amplify losses if the industry cycle reverses. Goldman Sachs, on the other hand, has significantly raised its global wafer fab equipment spending forecasts for 2026 to 2028 to $150 billion, $218 billion, and $281 billion, respectively, believing that the AI-driven semiconductor supercycle could extend through 2028. JPMorgan also maintains a bullish view, stating that the semiconductor sector appears attractive following the recent pullback. [Original Link]