Which AI bubble burst? Semiconductor stocks paint clearest bullish rebound signal
Photo: Finbold
Semiconductor stocks are showing signs of a bullish rebound after a sharp sell-off that raised concerns about a possible bubble burst. In this case, the iShares Semiconductor ETF (NASDAQ: SOXX) bounced off its 200-day moving average ( MA ) even as fears of an artificial intelligence ( AI ) bubble persist. SOXX gained 2.85% to close at $491 on October 26, recovering after a steep decline toward long-term technical support. Its 200-day moving average stood at $472.90, leaving shares approximately 4% above the indicator at the close.
Source: Finbold
