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Investors Fled SOXL, Piled Into Losing SOXS During Record Rally - Bloomberg

Source: BloombergView Original
financeMay 1, 2026

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Photographer: Christopher Dilts/Bloomberg

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By Katie Greifeld

May 1, 2026 at 7:35 PM UTC

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Welcome to ETF IQ, a weekly newsletter dedicated to the $19 trillion global ETF industry. I’m Bloomberg News reporter and anchor Katie Greifeld.

April was an incredible month. Big tech reasserted itself, sparking a market-wide turnaround that most benefited the ecosystem of chipmakers supplying the AI revolution: the Philadelphia Semiconductor Index soared 38% in April, its best monthly showing since February 2000.