August 30, 2024 — So Long for Now, Semiconductors
|

August 30, 2024 — So Long for Now, Semiconductors

Although $NVDA had a good earnings report, the stock price fell, and the $SMH and $QQQ fell along with it. The stock market is a forward-looking mechanism, and my read is that all the enthusiasm for the semiconductors (which are fueling the AI revolution) has already been priced in the market, and buyers are taking…