Semis could be one of the greatest wipeouts of the decade, led by the laughably overvalued NVDA (which has been on fire due to the even more laughably overvalued AI nonsense). This stock peaked months ago. In 2026, people will look back and laugh at these prices.
![](https://slopeofhope.com/wp-content/uploads/2024/09/slopechart_NVDA-640x342.jpg)
This is, naturally, all bleeding into semiconductors as a whole, as SMH continues to wither away, day by day.
![](https://slopeofhope.com/wp-content/uploads/2024/09/slopechart_SMH-640x342.jpg)
September is off to a superb start.