SOXQ stock forecast, quote, news & analysis
The investment seeks to track the investment results (before fees and expenses) of the PHLX Semiconductor Index... Show more
Why Invesco PHLX Semiconductor ETF (SOXQ) Is Down -14% in the Last 30 Days
Key Takeaways
- The Invesco PHLX Semiconductor ETF (SOXQ) declined roughly 14% over the past 30 days, retreating from near $98.64 to about $84.82 per share.
- The fund is also down approximately 13% over the most recent quarter, marking a sharp reversal after a run toward fresh highs in early October.
- The pullback was driven by renewed concerns over AI infrastructure financing, fears of rising memory-chip supply, and higher long-term interest rates.
- Memory names such as Micron and semiconductor-equipment makers such as Lam Research and Applied Materials were among the biggest drags on the portfolio.
- Despite the decline, the underlying PHLX Semiconductor Sector Index remains well above its level at the start of the year.
- For additional context, explore Price Targets and Forecast pages covering SOXQ.
- Discover more actionable ideas through Trending AI Robots.
Invesco PHLX Semiconductor ETF (SOXQ) Overview and Portfolio Exposure
The Invesco PHLX Semiconductor ETF (SOXQ) is a passively managed exchange-traded fund (ETF) designed to track the PHLX Semiconductor Sector Index, which measures the performance of the 30 largest U.S.-listed companies engaged in the semiconductor business. The fund uses a modified market-capitalization weighting and carries a competitive expense ratio of 0.19%, with roughly $3 billion in assets under management (AUM).
The portfolio is effectively 100% allocated to the Information Technology sector and holds approximately 30 securities. Its largest positions include NVIDIA at roughly 10% of assets, Micron Technology near 9%, and Broadcom around 8%. Other significant holdings include Advanced Micro Devices, Applied Materials, KLA, Lam Research, ASML, Intel, and Taiwan Semiconductor Manufacturing. This concentrated, high-beta structure means the fund amplifies both rallies and selloffs across the semiconductor industry.
Invesco PHLX Semiconductor ETF (SOXQ) Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, SOXQ fell approximately 14%, declining from a closing level near $98.64 to about $84.82. The move was not a straight-line decline; the fund first climbed toward a local peak above $104 in early October before reversing sharply into a multi-week selloff.
The quarterly picture is similar. From a close near $97.16 about three months earlier, the ETF has dropped roughly 13%. In both time frames, the pattern has been volatile and trend-reversing rather than gradual: an initial advance gave way to an abrupt, broad-based de-rating of semiconductor valuations.
What Drove SOXQ Price in the Last 30 Days
The recent decline reflects a convergence of industry-specific and macroeconomic pressures. Chinese memory maker CXMT reported progress on a denser memory design, raising investor concern that increased Chinese supply could eventually unwind the shortage that has supported memory pricing. This hit memory producers hardest, with Micron Technology among the portfolio's weakest contributors.
At the same time, commentary from Broadcom's chief executive comparing some AI-related capital flows to "casino gambling" and warning that capital could become the industry's biggest constraint amplified worries about the sustainability of AI infrastructure spending. These concerns were reinforced by rising financing costs, with the 10-year U.S. Treasury yield climbing toward 5% and producer-price data keeping additional monetary tightening on the table.
The selling was broad-based. Semiconductor-equipment makers such as Lam Research and Applied Materials also declined sharply, and the PHLX Semiconductor Sector Index fell for eight consecutive sessions in mid-October, its longest losing streak in nearly two decades.
What Drove SOXQ Performance Over the Last Quarter
The three-month decline reflects a broader reassessment of the AI investment theme rather than a single earnings disappointment. After a strong run, investors began demanding clearer evidence that record levels of AI capital expenditure would translate into revenue and free cash flow (FCF). Questions around debt-financed data-center buildouts, elevated interest rates, and the durability of memory pricing weighed on the entire complex.
Within the portfolio, the cyclical segments of the chip industry, memory and capital equipment, bore the brunt of the selling, while more diversified, design-led businesses held up comparatively better. Institutional flows into semiconductor ETFs remained notable, suggesting dip-buying interest, but it was not enough to offset the valuation reset across the sector.
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SOXQ ETF Outlook: What Investors Should Watch Next
The most important variables for SOXQ going forward are the trajectory of AI capital spending, the cost and availability of financing, and the balance of supply and demand in the memory market. Additional progress from Chinese memory producers, shifts in memory pricing, and commentary from major holdings on order visibility and capital budgets will remain key catalysts.
Investors should also monitor interest-rate expectations and inflation data, which influence both the discount rate applied to high-growth semiconductor equities and the cost of funding AI infrastructure. Earnings reports from the fund's largest holdings, along with equipment-order trends and any signs of tightening credit conditions, are likely to shape the ETF's near-term direction. The sector's elevated valuations and high beta suggest continued volatility is possible even if long-term structural demand for semiconductors remains intact.
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
SOXQ's RSI Oscillator ascends from oversold territory
The RSI Indicator for SOXQ moved out of oversold territory on October 26, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In 21 of the 23 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +5.46% 3-day Advance, the price is estimated to grow further. Considering data from situations where SOXQ advanced for three days, in 310 of 349 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
SOXQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 278 of 298 cases where SOXQ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 53 of 66 cases where SOXQ's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 80%.
The Momentum Indicator moved below the 0 level on October 29, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SOXQ as a result. In 76 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 86%.
The Moving Average Convergence Divergence Histogram (MACD) for SOXQ turned negative on October 12, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 43 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 83%.
SOXQ moved below its 50-day moving average on October 14, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SOXQ crossed bearishly below the 50-day moving average on October 20, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 88%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOXQ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
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