Semi’s are closer to the end of the move

Many are watching the great semiconductor shake-out.

The warnings of fervour and a peak where evident 15 months ago.

Speculators were playing in rarefied air when the SOX Index was flying between 3,400 and 4,000.

Today, it’s trading at 2,275.

Nvidia is one but not the only proxy for calling an end of the decline.

Seeing NVDA shares trade at $105-$108 may be a point to heighten my awareness to some form of exacerbation or trough in share prices of various semiconductor stocks.

October 11, 2022

by Rob Zdravevski

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