Semi Chip Making Capacity Initiative

Calls for funding US chip production The market will show me to be wrong if the likes of AMAT and LRCX break down. I hold both of them because while they are part of the supply-constrained Semiconductor sector, they are not chip makers. They are chip making capacity providers. The equipment used manufacture Semiconductors. Here is a report that showed up on my Fidelity screen … Continue reading Semi Chip Making Capacity Initiative

AI Chips: What They Are and Why They Matter

In a nod to the Trump administration, on which I am often very hard, I now understand why they would seek to impair parts of the US Semiconductor Equipment industry in the name of greater national interest. I bought Equipment company LRCX on the tank job that followed this news: I was going to write a typical Trump-dismissive post about this a couple weeks ago … Continue reading AI Chips: What They Are and Why They Matter

A Look at the Global Semiconductor Sector

The global Semiconductor segment has blown away all other segments in 2020, the year of… well, you know. Sure, all those game boys are sitting on the couch blowing each other up. All those remote workers are communicating and collaborating. The Cloud is forecast to continue blotting out the sun. People are still entranced by their smart phones as fashion accessories. The Internet of Things … Continue reading A Look at the Global Semiconductor Sector

Semiconductor Leadership Has 1 Year Birthday

NFTRH has tracked the intact leadership chain for the US stock market for all of 2019 and indeed since Q4 2018, with the front end (SOX/NDX) and the back end (NDX/SPX) of the chain each trending up and a still-bullish indicator for the US market to this day. We have also kept a close eye on the Semi sector’s own internals as the stocks that … Continue reading Semiconductor Leadership Has 1 Year Birthday

Mainstream Catches on to the Semi Rebound 8 Months Later

It was nearly 2 years ago when we noted that Wall Street and the financial media were leading people astray in a trend chasing exercise with a Semi sector that was actually topping out. Meanwhile, for most of this year we have been asking ‘hey, what gives with the bullish Semi sector?’, with the most recent post on the subject on September 19th. Today we … Continue reading Mainstream Catches on to the Semi Rebound 8 Months Later

Semiconductor Sector; a Market & Economic Leader

The signals have persisted since the May lows in the Semi sector and in the broad markets. Nominal Semiconductor (esp. Semi Equipment) stocks and the sector’s market leadership have remained intact into our window for a projected cycle bottom, which was the 2nd half of 2019. This post shines a favorable light on the Semiconductor sector while at the same time acknowledging that may have … Continue reading Semiconductor Sector; a Market & Economic Leader

A “Glimmer” for the Semiconductor Sector

Glimmer: noun; a faint sign of a feeling or quality, especially a desirable one The Semi sector as a whole remains in a growth contraction. I happen to hold equipment makers ASML and AMAT and have a couple of chip makers on watch (as noted in NFTRH’s NFTRH+ Charts & Notes segment). Semi is the early bird, the canary and despite the industry contraction the … Continue reading A “Glimmer” for the Semiconductor Sector