Coincidentally, I've been wondering about dumping some cash into a semiconductor ETF like eg the VanEck offering (SMH). I noticed that there are leveraged ETFs

Coincidentally, I've been wondering about dumping some cash into a semiconductor ETF like eg the VanEck offering (SMH). I noticed that there are leveraged ETFs like SOXL that magnify returns and I typically associate these riskier offering with precious metals and so forth. I hadn't realised that semiconductors seem to fall into that same "cyclical commodity" category.