Seeking Alpha(@SeekingAlpha):The iShares Semiconductor ETF $SOXX dropped 17% in October, breaking below its 200-day moving average. $SMH October moves: $INTC = down over 45% $AMD = down nearly 17% $MU = down nearly 17% Agar Capital warned semiconductor valuations remain vulnerable to margin normalization, targeting key support at $471. Despite the selloff, $NVDA delivered 83.4% revenue growth with a PEG ratio of 0.44. Seeking Alpha Quant Rating for Nvidia: Strong Buy. Seeking Alpha Quant Rating for AMD: Strong Buy. Seeking Alpha Quant Rating for Micron: Strong Buy. Seeking Alpha Quant Rating for Intel: Hold, flagged by a D+ grade in EPS Revisions alongside negative net margins. Even after October's decline, the semiconductor ETF remains up 56.6% year to date. Is this a buying opportunity or the start of a deeper chip correction?

2026.11.02 13:38

The iShares Semiconductor ETF $SOXX dropped 17% in October, breaking below its 200-day moving average. $SMH October moves: $INTC = down over 45% $AMD = down nearly 17% $MU = down nearly 17% Agar Capital warned semiconductor valuations remain vulnerable to margin normalization, targeting key support at $471. Despite the selloff, $NVDA delivered 83.4% revenue growth with a PEG ratio of 0.44. Seeking Alpha Quant Rating for Nvidia: Strong Buy. Seeking Alpha Quant Rating for AMD: Strong Buy. Seeking Alpha Quant Rating for Micron: Strong Buy. Seeking Alpha Quant Rating for Intel: Hold, flagged by a D+ grade in EPS Revisions alongside negative net margins. Even after October's decline, the semiconductor ETF remains up 56.6% year to date. Is this a buying opportunity or the start of a deeper chip correction?