Just a few thoughts on a handful of semiconductor stocks. First, the king of them all, Nvidia. I read that there is a tremendous amount of call-buying activity at the $1,000 level. Clearly there is a strong conviction that the psychologically satisfying Big Round Number will be achieved. Not yet!
Micron (MU) has been the belle of the ball lately. This has formed an enormous base, and once it was based that horizontal, whoosh, it was off to the races! This entire sector is getting SO expensive.
Softbank’s ARM Holdings (ARM) is holding firm and is likewise threatening a new breakout, similar to Nvidia’s, although obviously this is a much younger stock.
Finally, AMD is still respecting its price gap. I think we can agree that if and when semiconductors ever start to enter their own bear market, they are going to drag down the entire tech sector, kicking and screaming.
