Semiconductors have declined for eight straight sessions, longest streak in 16 years (index is still up >50% YTD)
[Past performance is no guarantee of future results.]
SemiAnalysis has raised its 2027 data center capacity forecast from +43 GW to +50 GW
This comes just days after Jensen Huang appeared doubtful about the previous figure when asked about it 👀
Semiconductor breadth has collapsed in just six trading sessions.
Oct. 15: Just 3.3% of $SOXX constituents remain above their 10-day moving averages, down from 66.7%.
The recent pullback has become broad-based across chip stocks.
Semiconductor stocks are experiencing a historic losing streak:
The Semiconductor Index, $SOX, has declined for 7 consecutive trading sessions, matching its longest streak since the 2008 Financial Crisis.
Over this span, the index has dropped -12.4% erasing -$2 trillion in market value.
This also marks its 5th correction of at least -10.0% this year.
Currently, more than 50% of SOX’s constituents are down at least -10% from their respective highs.
Over the last 20 years, there have only been 2 longer such streaks, in 2006 and 2008.
Semiconductor stocks are seeing massive swings.
#Semiconductor# IBM and Siemens are collaborating on research to advance IBM's nanostack architecture, which packs nearly 100 billion transistors at its 7 angstrom node; Siemens brings #EDA#, simulation and lithography expertise. 🔗 $IBM $SIEM.NE