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An Introduction

A sharp selloff engulfed the semiconductor sector last week with all 15 stocks in our munKNEE Semiconductor Portfolio going down 10.3%, on average, with its constituents declining anywhere from -7.7% (KLAC) to -13.6% (NVDA). It was all initiated last Friday by Super Micro Computer (SMCI) which stirred unrest when it withheld its customary preliminary earnings data and dropped 22.8% on the day.

The munKNEE Semiconductor Index

All 30 stocks in the the iShares Semiconductor ETF (SOXX) have been analyzed as to their PEG (current stock price-to-projected 1-year earnings growth) ratios and the consensus ratings and price targets of the Wall Street analysts covering the stocks and 15 are highlighted below as to their performances last week, in ascending order, along with the latest news, commentary, and/or analysis on each, where applicable.

1. Nvidia (NVDA): DOWN 13.6% last week
   • latest news, commentary and/or analysis:
     • How to play NVIDIA after the 10% plunge
2. Micron Technology (MU): DOWN 12.9% last week
   • latest news, commentary and/or analysis:
     • Biden admin gives $6.1B to Micron Technology to help boost chip factories in New York
3. MKS Instruments (MKSI): DOWN 11.8% last week
   • latest news, commentary and/or analysis: None
4. Marvell Technology (MRVL): DOWN 11.4% last week
   • latest news, commentary and/or analysis:
     • Investors push Marvell Technology lower this week; company's increasing losses might be to blame
5. ASML Holding (ASML): DOWN 10.6% last week
   • latest news, commentary and/or analysis:
     • ASML earnings drag semiconductor stocks lower
6. Broadcom (AVGO): DOWN 10.4% last week
   • latest news, commentary and/or analysis:
     • Here’s why the Broadcom stock price is in a correction
7. Taiwan Semiconductor (TSM): DOWN 10.4% last week
   • latest news, commentary and/or analysis:
     • TSMC Just Gave Investors Another Reason to Be Bullish on Nvidia
8. Advantest Corp. (ATEYY): DOWN 10.3% last week
   • latest news, commentary and/or analysis: None
9. Advanced Micro Devices (AMD): DOWN 10.2% last week
   • latest news, commentary and/or analysis:
     • Possible Bearish Signals With Advanced Micro Devices Insiders Disposing Stock
10. Monolithic Power Systems (MPWR): DOWN 10.1% last week
    • latest news, commentary and/or analysis: None
11. Lam Research (LRCX): DOWN 9.1% last week
    • latest news, commentary and/or analysis: None
12. Applied Materials (AMAT): DOWN 8.7% last week
    • latest news, commentary and/or analysis: None
13. Entegris (ENTG): DOWN 8.0% last week
    • latest news, commentary and/or analysis: None
14. Qualcomm (QCOM): DOWN 8.0% last week
    • latest news, commentary and/or analysis: None
15. KLA Corporation (KLAC): DOWN 7.7% last week
    • latest news, commentary and/or analysis: None

In Summary

As mentioned in the introduction, all 15 stocks in our munKNEE Semiconductor Portfolio went DOWN 10.3%, on average, last week but the portfolio remains UP 11.1% YTD.

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