SOXX: The AI Bubble Already Popped, And The Next Rally May Be Coming

I initiate coverage on the iShares Semiconductor ETF (SOXX) with a Strong Buy, citing post-midterm rally prospects and mean-reversion in tech valuations. SOXX offers diversified exposure to the AI semiconductor value chain, minimizing single-stock risk with a 0.33% expense ratio. Historically post-midterm rallies have been outsized relative to typical S&P 500 returns, as election uncertainty fades.