The semiconductor sector continues to be hot this year, and SOXL, a triple leveraged US stock semiconductor ETF, has become a key allocation at the beginning of the year. Our strategy is clear—when it reaches $70, we start to reduce our positions gradually.

Focusing on the entire semiconductor industry chain, we maintain a heavy allocation, but we have made many adjustments to the weight distribution of specific stocks. The allocation weight of INTC now exceeds that of AVGO, and SNDK has been weighted to surpass ARM. Most importantly, we continue to increase the weight of TSMC.

This adjustment logic is based on judgments about changes in the upstream and downstream of the industry chain—the competitive landscape in different segments is evolving, and the positions of some leading companies are strengthening. Through this reweighting, we hope to better seize opportunities in the semiconductor cycle. Of course, we must also pay close attention to price signals; the $70 threshold is our risk control point.