Investors piled a record sum into a leveraged semiconductor ETF last week. Things didn’t work out.
Summary
Semiconductor investors poured a record amount of money into a leveraged exchange-traded fund last week. However, those bullish bets suffered heavy losses due to rising market concerns regarding artificial intelligence investment returns.
Traders making bullish bets on chip stocks are getting walloped this month, as renewed fears emerged about investment returns on the buildout of artificial intelligence.
Source: Read the full story at MarketWatch.com - Top Stories
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