iShares Semiconductor ETF is an exchange-traded fund that tracks the performance of semiconductor companies.
The NYSE semis index (SOXX) has such a strong uptrend that the up-legs look like bases. After losing the 588 support on Friday it enters a proportional corrective phase, but Cava is preparing exposure for the next leg up via SOXX (US) or SMH/SEMI (UCITS for European retail).