Semiconductor Sector Faces 10% Drop in $SOXX as Investors Hesitate on $NVDA and $ASML; $SPX and $NDX Under Watch

The semiconductor sector has experienced significant volatility, with the SOXX index declining by 10% over the past week. This downturn has led to hesitance among investors who previously showed strong interest in prominent semiconductor stocks such as NVIDIA ($NVDA) and ASML. Market analysts are observing potential reversal patterns in major semiconductor stocks, including NVIDIA, as well as broader market indicators like the S&P 500 ($SPX) and Nasdaq 100 ($NDX). Key holdings in the SOXX index include companies such as Broadcom ($AVGO), Advanced Micro Devices ($AMD), Applied Materials ($AMAT), and Qualcomm ($QCOM). Investors are questioning whether NVIDIA's recent performance indicates a sustainable recovery or if further declines are imminent.