iFinance(@iFinance):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.

iFinance

@iFinance

iFinance: Independent Finance Intelligence.

参加 August 2012

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iFinance@iFinance

2026.04.27 20:55

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.