Semiconductor stocks panic sell-off, a whale opens a 10x short on SOXL, now sitting on over $850,000 in unrealized profit

BlockBeats news, October 23 - AI supply chain stocks continued to decline this week, with semiconductor stocks leading the market down. Yesterday, the US stock chip index fell 6.72%.

According to TradingBeats monitoring, the largest short position address on trade.xyz for SOXL (3x long semiconductor index) holds a 10x short of 42,292 SOXL tokens at an average buy price of $103.262, and has now unrealized profits exceeding $850,000.