SOXL bros, I think 30+ is well within our grasp now. NVDA surging ahead is likely to create an anchor effect that pulls the rest of semis up with it. We've already seen AMD surge today.
The only unknown remains chip tariffs. If Trump comes out with 25% or higher tariffs on ALL semis coming in to the US, that would hit profits pretty hard. It wouldn't exactly be 25% across the board because many of those semis are made outside the US and sold outside the US as well, so those wouldn't be seeing tariffs at all.
However, Jensen Huang has already spoken about the effects of any potential chip tariffs:
https://thehill.com/policy/technology/5398512-nvidia-trump-tariff-chips/
He said "we'll work through it", meaning he doesn't think it would have a significant impact on operations.
It also seems from recent news that NVDA is getting the rights back to sell chips to China that Trump may have softened or changed his stance with respect to how chips will be sold.

So overall I think things are still looking bullish for semis right now. 30+ is coming soon.

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