SOXX ETF Hits Longest Losing Streak Since 2006 on Chip Sector Credit Fears

Key Facts

1The iShares Semiconductor ETF recorded a nine-session losing streak, its longest since May 2006.

2Bank of America noted a 'Cisco echo' regarding the current state of the semiconductor sector.

The iShares Semiconductor ETF recorded a nine-session losing streak, marking its longest period of consecutive declines since May 2006. Benzinga reported that the historic sell-off is driven by mounting credit concerns surrounding CoreWeave and technical comparisons to previous market corrections in the tech sector.

Bank of America noted a "Cisco echo" regarding the current state of the semiconductor industry, drawing parallels to historical volatility. The SOXX ETF was trading at $501.07 on October 16, 2026, while CSCO closed at $109.85 and BAC closed at $51.7 on October 15, 2026. Additionally, CRWV closed at $69.69 on October 15, 2026, as investors assess the credit risks cited by analysts.