Nvidia reached a record high of $237.88 on October 2, gaining nearly 14% since September 14 as it tests upper channel resistance with a potential target of $260. Analyst Ali suggests this momentum in the AI sector could drive AI-related ETFs into a breakout as market attention returns to artificial intelligence plays.
The Direxion Daily Semiconductor Bull 3X ETF (SOXL) is showing breakout signs with an upside target of $210 if support near $150 holds. Meanwhile, the Roundhill Memory ETF (DRAM) is forming an ascending triangle consolidation pattern; a decisive break above $64 could open further upside toward $80. These ETF movements may signal continued strength in the broader AI rally.
Nvidia Record High May Trigger Breakout in AI-Related ETFs
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