Semiconductor stocks are trading at ~60x P/E, the richest valuation since the dot-com bubble. The SOX just snapped an 18-day winning streak. In 1999, the “picks and shovels” trade worked—until the “gold miners” (dot-coms) ran out of cash. We’re seeing a similar pattern.

🚨 Japan’s power semiconductor integration still a long way to go? #Rohm# reportedly says talks with #Toshiba# and #MitsubishiElectric# are taking longer, as negotiations over fab integration, R&D resources, and strategic control prove complex.💡More: 🔗

🚨 HUGE: Institutional investors aggressively piled into semiconductor and AI infrastructure stocks in Q1. Chipmakers like Micron Technology and Intel Corporation surged 154% and 195% this year as the AI boom accelerated.

What the... The $1 Trillion semiconductor TAM was supposed to arrive in 2030. It just got pulled in to 2026. The new 2030 TAM? $1.5 Trillion. 50% higher than the original ceiling. Chips are not eating the world. They already ate it. $MU $SNDK $DRAM $TSM $NVDA $INTC $AMD

BREAKING: The 3x leveraged long semiconductor ETF, $SOXL, attracted a record +$1.03 billion in inflows on Tuesday. At the same time, the 3x leveraged short semiconductor ETF, $SOXS, posted -$230 million in outflows, the largest daily outflow since late March. Furthermore, the 3x leveraged long Nasdaq 100 ETF, $TQQQ, saw +$161 million in inflows, the highest daily intake since March 31. In other words, $SOXL inflows were more than 6 times larger than $TQQQ inflows, as investors concentrated their bullish bets in semiconductors. $SOXL is now up +354% since the March 30th bottom, the largest 31-day increase since the fund launched in 2010. This comes as the semiconductor sector, $SOX, is up +68% over the same period, the 3rd-best 31-day performance on record. The run in semiconductor stocks is truly historic.

NEWS: SpaceX has begun installing advanced semiconductor manufacturing equipment at its new Austin, Texas facility, targeting the start of high-volume Starlink chip production by the end of 2026. The plant will handle in-house packaging for Starlink satellite and consumer hardware, reducing reliance on external suppliers as SpaceX scales towards 20 million subscribers.

NEWS: Elon just announced TERAFAB - a new semiconductor chip manufacturing project shared between SpaceX, xAI and Tesla. The project is intended to be the largest chip facility ever (1TW/year). The project aims to meet the demand for chips from Tesla self-driving cars, Optimus robots, and SpaceX satellites. Elon projects that demand for chips from his companies alone will far exceed current global supply. He also mentioned putting AI compute in space, saying this will be more economical once NIMBYism kicks in and data centres become harder to build on Earth.