iShares PHLX SOX Semiconductor Sector Index Fund (SOXX) Stock Price, Quote, News & History | Benzinga
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Key Statistics
Open
$590.60
High
$596.44
52 Wk High
$655.95
AUM
48.43B
Dividend
$1.43
Ex-Div Date
Sep 15, 2026
Volume
5.27M
Market Cap
$921.62B
Mgmt Fee
0.33%
P/E Ratio
44.13
Prev. Close
$576.33
Low
$587.25
52 Wk Low
$260.44
Shares Out
57.75M
Yield
0.25%
Div. Freq
-
Avg. Volume Daily
6.92M
Beta
1.80
Avg. Expense Ratio
0.33%
P/B Ratio
11.62
About iShares PHLX SOX Semiconductor Sector Index Fund
Sector
N/A
Industry
N/A
ETF Details
Sector
Technology
Category
High Performer-Mid Growth
Investment Style
Large Cap Growth
Fund Inception
Jul 10, 2001
Managers
Peter Sietsema
Jennifer Hsui
Steven White
Matt Waldron
Definition
This equity fund portfolio contains majority of stocks with strong financial performance and average growth potential
Investment Policy
The Fund seeks to track the investment results of the NYSE Semiconductor Index (the Underlying Index), which measures the performance of the equity securities of the 30 largest U.S.-listed companies that are classified according to the ICE Uniform Sector Classification schema within the semiconductors industry (as determined by ICE Data Indices, LLC or its affiliates (collectively Index Provider or IDI)). Constituents must also meet other eligibility criteria determined by the Index Provider, including minimum market capitalization and liquidity requirements. Companies classified within the semiconductors industry include companies that either manufacture materials that have electrical conductivity (semiconductors) to be used in electronic applications or utilize LED and OLED technology. The semiconductors industry also includes companies that provide services or equipment associated with semiconductors such as packaging and testing. The Underlying Index includes large- and mid-capitalization companies and may change over time. As of March 31, 2024, a significant portion of the Underlying Index is represented by securities of companies in the semiconductor and technology industries or sectors. The components of the Underlying Index are likely to change over time.
Michael Burry is betting against a bulldozer company in the middle of an AI boom and the logic is more coherent than it first sounds.
In a Substack post dated June 30, 2026, Burry disclosed new short positions in Caterpillar, Nvidia, Tesla, Applied Materials and a semiconductor ETF, after strong rallies in each. Caterpillar was reportedly his first-ever short on the name, a stock that had been one of the best performers in the S&P 500 this year. He added to that Caterpillar short in August at roughly $844, writing that "data center plans are already aging," and he increased a semiconductor ETF short around $533 in the same round of disclosures.
Why Caterpillar at all? The AI buildout needs far more than chips. Hyperscale data centers routinely need 50 megawatts or more, and grid interconnection can take years, so developers lean on large reciprocating engines, gensets and turbines for primary and backup power. That has turned Caterpillar's Power & Energy business into its largest and fastest-growing segment. Second-quarter 2026 sales to power generation users grew 72%, and the company's order backlog reached a record of more than $72 billion, up about 92% year over year, with orders booked into 2029 and 2030. Caterpillar has laid out plans to nearly triple engine capacity and more than triple power generation sales by 2030.
Burry's short is a bet that data center commitments soften before all that heavy equipment and capacity earns its keep, while Caterpillar's backlog says the demand is already contracted. His broader thesis leans on concentrated hyperscaler demand, extended useful-life assumptions on GPUs and data-center hardware, and hundreds of billions in signed but unstarted lease commitments.
What matters for investors is the distinction between a thesis and a timer. Burry has no size disclosure attached to these positions, he is no longer a registered adviser filing quarterly 13Fs, and every figure now comes from what he chooses to publish. A short tells you what someone believes about value. It does not tell you when, or whether, the market agrees. Several of his targets kept climbing after the disclosure, with Caterpillar and Applied Materials among the few that actually declined over one stretch this summer.
The broader question is whether the picks-and-shovels layer of AI power, engines, construction, cooling, land is the safest part of the trade or the most cyclical part wearing a growth multiple.
$CAT. $NVDA. $TSLA. $AMAT. $SOXX.
#MichaelBurry #Caterpillar #AIBubble
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⚠️ Disclaimer:
Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.
