Sky-High Semis
Semiconductor companies have been just nuts for the past fourteen months, ripping higher hundreds (or even thousands) of percentage points. Darlings such as NVDA, INTC, and AMD, shown below, have made fortunes for people. I am short NVDA and AMD, however (to good effect so far), and I’d like to point out that these beasts can be subject to drops which are just as zany as their ascents.
Disclosure: None.
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Semi cycle downs are even more volatile that the massive jumps upwards. Sadly, the cycle up is not being driven by mass increases in demand which looks very dangerous.