Retail Investors Pour $5.1 Billion Into Leveraged Semiconductor ETF Despite 40% Decline

Retail investors are aggressively buying the dip in semiconductor stocks using leverage.
The 3x leveraged semiconductor ETF $SOXL attracted $5.1 billion in inflows last week, its second-largest weekly intake on record. The only larger weekly inflow was $6.1 billion during the week ending October 16.
This comes despite $SOXL falling 40% over the same period. Over the past four weeks, the fund has attracted $13.4 billion in total inflows. Its price subsequently surged 22% on Monday.
Meanwhile, the Nasdaq 100 ETF $QQQ attracted $3.7 billion last week and $5.7 billion the previous week, marking its largest two-week inflow since August.
Retail investors are increasingly stepping in to buy the dip.