Semiconductor Rally: $QCOM, $SMH/$SOXX, and CXMT's Underwhelming HBM3E
Semiconductor ETFs posted back-to-back 5–20% gains this week. CXMT's upcoming HBM3E production disappoints on specs (8 Gbps vs. 9.2 Gbps standard), with only 20% yield.
What we know
An account on X highlights that $SMH and $SOXX completed their retracement and ripped 9–10% off lows, targeting $SMH ~558 and $SOXX ~520 before resistance. $QCOM specifically is up ~10 points from a Sunday entry near 177, with a 185–190 target by Friday. On the China chip front, another account on X contextualizes CXMT's HBM3E: despite headlines, it performs closer to SK Hynix's older HBM3 at 8 Gbps vs. the 9.2 Gbps standard, and yield is just 20% — limiting near-term competitive threat.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.