Semiconductor ETF Faces Key Resistance In AI-Driven Surge: Analyst - Advanced Micro Devices (NASDAQ:AMD), Amazon.com (NASDAQ:AMZN)
1. SOXX ETF faces resistance near 5,400, affecting semiconductor stocks. 2. AI demand propels chipmakers like Nvidia and Broadcom; AMZN included in AI investment. 3. Analog semiconductor segment underperforming amidst global manufacturing cycle uncertainty. 4. Major tech firms, including Amazon, projected to spend $300B on AI by 2025. 5. Improvement in global PMI could positively influence semiconductor performance.