US semiconductor funds are seeing unprecedented demand: The semiconductor ETF, SOXX, attracted +$5.4 billion in inflows on Tuesday, the largest daily intake since the fund’s launch in 2001. This is more than +300% above the previous record daily inflow. The 3x leveraged long semiconductor ETF, SOXL, posted +$1.2 billion in inflows, the 2nd-largest daily inflow this year. In total, US long semiconductor ETFs took in +$7.1 billion in fresh capital on Tuesday. Year-to-date, SOXX alone has posted +$13.3 billion in inflows. Investors are buying the dip in semiconductors at an unprecedented pace.(The Kobeissi Letter)