Chip stocks have shed about $1tn in market value, yet ETF investors are buying the dip: the $72bn VanEck Semiconductor ETF drew over $430m in three sessions, and about $3.8bn went into a $19bn triple-leveraged Direxion fund despite a 21% weekly fall. Todd Sohn of Baird Strategas said the pullback has not curbed leveraged dip-buying.
Investors pour billions into semiconductor ETFs as chip stocks lose $1tn
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