SOXX·iShares Semiconductor ETF

SOXX is currently influenced by significant developments at NVDA and INTC. NVDA is reportedly nearing a $30 billion investment in OpenAI, which, despite being a reduced amount from the original plan, still signals a major commitment to AI. This, coupled with Meta's ongoing investment in NVDA GPUs, reinforces NVDA's market position and revenue streams. INTC's recent developments include a $7.9 billion investment from NVDA, which could signal confidence in its future. The focus on AI manufacturing suggests a positive outlook for INTC. The exact implications of NVDA's investment in Intel and its deepening ties with Meta remain uncertain, suggesting a complex interplay of cooperation and competition. Traders should monitor the official announcement of the OpenAI deal and NVDA's upcoming earnings report on February 25th to assess the impact on AI-related revenue.