Analyst: Nvidia’s stock price reaches new high and reignites AI craze, artificial intelligence-related ETFs may break through the market

Odaily Planet Daily News Crypto analyst Ali posted on the

As the AI sector returns to market attention, he's keeping an eye on two related ETFs. The first of these is the Direxion Daily Semiconductor Bull 3X ETF (SOXL), which aims to achieve 3x the daily performance of the semiconductor index. SOXL appears to be breaking out of the channel structure on the 4-hour chart, and if the $150 support level remains valid, the trend may be towards $210.

The other is Roundhill Memory ETF (DRAM), which mainly invests in global memory chip companies. DRAM is currently forming an ascending triangle arrangement. If the hourly closing price exceeds $64, it may confirm a breakthrough trend, with a target of $80, with a potential increase of about 25%.

Ali added that Nvidia's rise has brought the AI sector back into the market's focus, and he will pay attention to whether the technical form of these two ETFs further confirms the continuation of the AI market.

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