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Markets · Narrative··Updated 4d ago
Part of: Semiconductor Cycle

Chip sector overbought; AI capex cycle questioned

Semiconductor stocks (SMH, SOXX, NVDA, SNDK, MU) have hit extreme overbought levels unseen since the dot-com bubble, with SOXS (3x inverse semi ETF) recording record inflows of $2.4B in April. Traders are growing nervous about the sustainability of the AI-driven capex supercycle and positioning for a potential correction.

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Rocky · RockstarMarkets desk
Synthesised from 8 wires · 34 mentions in the last 24h
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