+Follow
Corrinn
No personal profile
0
Follow
0
Followers
0
Topic
0
Badge
Posts
Hot
Corrinn
09-14
Top up
Corrinn
11-03 16:05
Share your opinion about this news…
Chip Stocks Are Suffering from a "Crisis of Confidence" - but Things Aren't as Gloomy as They Seem
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4252158274860482","uuid":"4252158274860482","gmtCreate":1789054637323,"gmtModify":1789390875290,"name":"Corrinn","pinyin":"corrinn","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/default-avatar2.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":0,"tweetSize":2,"questionSize":0,"limitLevel":0,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[],"userBadgeCount":0,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":625268586590704,"gmtCreate":1793693127367,"gmtModify":1793693192596,"author":{"id":"4252158274860482","authorId":"4252158274860482","name":"Corrinn","avatar":"https://static.tigerbbs.com/default-avatar2.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4252158274860482","idStr":"4252158274860482"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625268586590704","repostId":"2680760451","repostType":2,"repost":{"id":"2680760451","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1793692800,"share":"https://ttm.financial/m/news/2680760451?lang=en_US&edition=fundamental","pubTime":"2026-11-03 16:00","market":"nz","language":"en","title":"Chip Stocks Are Suffering from a \"Crisis of Confidence\" - but Things Aren't as Gloomy as They Seem","url":"https://stock-news.laohu8.com/highlight/detail?id=2680760451","media":"Dow Jones","summary":"Investors are worried about whether there will be sustained demand for chips, but one analyst notes that large tech companies are still spending heavilyNvidia's stock has fared better than some of its","content":"<html><head></head><body><p style=\"text-align: left;\">Faith in the artificial-intelligence trade is faltering, but one analyst sees reasons to remain upbeat.</p><p style=\"text-align: left;\">Semiconductor stocks are clearly "suffering a crisis of confidence," Bernstein analyst Stacy Rasgon said in a note on Monday. Despite rising 50% on the year as of Friday's close, the <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Index</a> had fallen 30% from its highs in June.</p><p style=\"text-align: left;\">Within the index, makers of semiconductor equipment and central processing units, which have experienced stellar growth so far this year, have suffered the most recently as investors continue to question the sustainability of AI spending, the analyst noted.</p><p style=\"text-align: left;\">Perhaps the most telling sign investors have grown weary of the AI trade is that chip stocks have undergone "sharp multiple compression," Rasgon said, referring to valuations shrinking despite expectations for earnings to continue growing. The PHLX Semiconductor Index was trading at about 16 times estimates for forward earnings as of Friday's close, versus 28 times at its peak close in June, according to Dow Jones Market Data.</p><p style=\"text-align: left;\">The recent selloff in chip stocks followed a slate of earnings results from big cloud companies, which pointed to continued strong spending on AI infrastructure against dwindling cash flows. Still, investors are worried about delays in the buildout, Rasgon said, while concerns are also growing over the rising levels of debt companies are taking on to fund their AI ambitions.</p><p style=\"text-align: left;\">"The stocks are clearly telling us that investors are getting worried about sustainability of demand, wondering about returns and doubting more and more about where the funding might be coming from to support the (very strong) forecasts that have been offered up by many companies in the space," Rasgon wrote.</p><p style=\"text-align: left;\">In his view, however, the earnings reports from major cloud-services providers support the idea that the AI trade has more room to run. While some big cloud companies noted lighter spending in the near term, Rasgon said all the cloud providers have either kept or raised expectations for spending this year, "and all appear to expect significant acceleration as we move into next year."</p><p style=\"text-align: left;\">Even <a href=\"https://laohu8.com/S/INTC\">Intel</a>, which saw its stock fall 29% Friday after its Thursday earnings report to wipe out $140 billion in market capitalization, flashed a good sign for the AI trade, Rasgon said. Investors were disappointed in the chip maker's outlook for the December quarter, which came in below expectations partly due to ongoing weakness in the market for personal computers.</p><p style=\"text-align: left;\">But Intel's data-center and AI business delivered strong performance, Rasgon noted. That segment includes its data-center CPUs and custom networking, which are in high demand as agentic AI adoption takes off.</p><p style=\"text-align: left;\">Intel's client-computing group, which includes its PC chips, isn't weak due to issues with demand, Rasgon said, but rather rising memory prices that are slowing down shipments - and those increases are due to insatiable AI-driven demand for memory chips.</p><p style=\"text-align: left;\">Meanwhile, analog-chip names, which mostly serve the automobile and industrial markets, have outperformed the broader sector "as overall AI sentiment has soured," Rasgon said. And shares of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, which have traded at more of a discount, have also fared better than peers - likely helped by those lower valuations, he added.</p><p style=\"text-align: left;\">For now, Rasgon said he's focused on Nvidia and Broadcom, which he views as the main drivers of the chip trade. He's also upbeat on semiconductor-equipment makers, which are due for multiyear growth as the data-center buildout continues.</p><p style=\"text-align: left;\">Rasgon said he's also encouraged by Advanced Micro Devices (AMD), which mainly competes with Intel in the CPU market and with Nvidia in the market for graphics processing units - though he noted it also faces challenges in the PC market.</p><p style=\"text-align: left;\">AMD reports quarterly earnings on Tuesday afternoon.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chip Stocks Are Suffering from a \"Crisis of Confidence\" - but Things Aren't as Gloomy as They Seem</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChip Stocks Are Suffering from a \"Crisis of Confidence\" - but Things Aren't as Gloomy as They Seem\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-11-03 16:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Faith in the artificial-intelligence trade is faltering, but one analyst sees reasons to remain upbeat.</p><p style=\"text-align: left;\">Semiconductor stocks are clearly "suffering a crisis of confidence," Bernstein analyst Stacy Rasgon said in a note on Monday. Despite rising 50% on the year as of Friday's close, the <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Index</a> had fallen 30% from its highs in June.</p><p style=\"text-align: left;\">Within the index, makers of semiconductor equipment and central processing units, which have experienced stellar growth so far this year, have suffered the most recently as investors continue to question the sustainability of AI spending, the analyst noted.</p><p style=\"text-align: left;\">Perhaps the most telling sign investors have grown weary of the AI trade is that chip stocks have undergone "sharp multiple compression," Rasgon said, referring to valuations shrinking despite expectations for earnings to continue growing. The PHLX Semiconductor Index was trading at about 16 times estimates for forward earnings as of Friday's close, versus 28 times at its peak close in June, according to Dow Jones Market Data.</p><p style=\"text-align: left;\">The recent selloff in chip stocks followed a slate of earnings results from big cloud companies, which pointed to continued strong spending on AI infrastructure against dwindling cash flows. Still, investors are worried about delays in the buildout, Rasgon said, while concerns are also growing over the rising levels of debt companies are taking on to fund their AI ambitions.</p><p style=\"text-align: left;\">"The stocks are clearly telling us that investors are getting worried about sustainability of demand, wondering about returns and doubting more and more about where the funding might be coming from to support the (very strong) forecasts that have been offered up by many companies in the space," Rasgon wrote.</p><p style=\"text-align: left;\">In his view, however, the earnings reports from major cloud-services providers support the idea that the AI trade has more room to run. While some big cloud companies noted lighter spending in the near term, Rasgon said all the cloud providers have either kept or raised expectations for spending this year, "and all appear to expect significant acceleration as we move into next year."</p><p style=\"text-align: left;\">Even <a href=\"https://laohu8.com/S/INTC\">Intel</a>, which saw its stock fall 29% Friday after its Thursday earnings report to wipe out $140 billion in market capitalization, flashed a good sign for the AI trade, Rasgon said. Investors were disappointed in the chip maker's outlook for the December quarter, which came in below expectations partly due to ongoing weakness in the market for personal computers.</p><p style=\"text-align: left;\">But Intel's data-center and AI business delivered strong performance, Rasgon noted. That segment includes its data-center CPUs and custom networking, which are in high demand as agentic AI adoption takes off.</p><p style=\"text-align: left;\">Intel's client-computing group, which includes its PC chips, isn't weak due to issues with demand, Rasgon said, but rather rising memory prices that are slowing down shipments - and those increases are due to insatiable AI-driven demand for memory chips.</p><p style=\"text-align: left;\">Meanwhile, analog-chip names, which mostly serve the automobile and industrial markets, have outperformed the broader sector "as overall AI sentiment has soured," Rasgon said. And shares of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, which have traded at more of a discount, have also fared better than peers - likely helped by those lower valuations, he added.</p><p style=\"text-align: left;\">For now, Rasgon said he's focused on Nvidia and Broadcom, which he views as the main drivers of the chip trade. He's also upbeat on semiconductor-equipment makers, which are due for multiyear growth as the data-center buildout continues.</p><p style=\"text-align: left;\">Rasgon said he's also encouraged by Advanced Micro Devices (AMD), which mainly competes with Intel in the CPU market and with Nvidia in the market for graphics processing units - though he noted it also faces challenges in the PC market.</p><p style=\"text-align: left;\">AMD reports quarterly earnings on Tuesday afternoon.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MUU":"2倍做多MU ETF-Direxion","AVGG":"2倍做多AVGO ETF-Leverage Shares","TSM":"台积电","QCML":"2倍做多QCOM ETF-GraniteShares","NVII":"Rex NVDA Growth & Income ETF","ASMU":"Direxion Daily ASML Bull 2X ETF","AMAT":"应用材料","SMH":"半导体指数ETF-HOLDRs","AMDC":"Corgi AMD 2x Daily ETF","07788":"南方两倍做多英伟达","MIC":"2倍做多MU ETF-Corgi","PXLW":"美国像素","QCMU":"2倍做多QCOM ETF-Direxion","ASMZ":"Corgi ASML 2x Daily ETF","NVTS":"纳微半导体","STX":"希捷科技","AVGU":"2倍做多AVGO ETF-GraniteShares","MUYY":"GraniteShares YieldBOOSTMU ETF","AMDD":"1倍做空AMD ETF-Direxion","AMBA":"安霸","ANV":"GraniteShares Autocallable NVDA ETF","AMDG":"2倍做多AMD ETF- Leverage Shares","MUZ":"2倍做空MU ETF-Defiance","LINT":"Direxion Daily INTC Bull 2X ETF","AMDL":"2倍做多AMD ETF-GraniteShares","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","AVGW":"Roundhill AVGO WeeklyPay ETF","AVGX":"2倍做多AVGO ETF-Defiance","ASML":"阿斯麦","ONG":"Leverage Shares 2X Long ON Daily ETF","GFS":"GLOBALFOUNDRIES Inc.","MVLL":"2倍做多MRVL ETF-GraniteShares","STM":"意法半导体","NVTC":"Corgi NVTS 2x Daily ETF","INYY":"YieldMax INTC Option Income Strategy ETF","AMDW":"Roundhill AMD WeeklyPay ETF","KLAG":"Leverage Shares 2X Long KLAC Daily ETF","ADI":"亚德诺","NVTX":"2倍做多NVTS ETF-Tradr","AMDY":"AMD期权收益策略ETF-YieldMax","AVL":"2倍做多AVGO ETF-Direxion","WDC":"西部数据","WOLF":"Wolfspeed Inc.","CRD":"Corgi CRDO 2x Daily ETF","ONX":"Tradr 2X Long ON Daily ETF","NVYY":"GraniteShares YieldBOOST NVDA ETF","CRDO":"Credo Technology Group Holding Ltd","LRCC":"Corgi LRCX 2x Daily ETF","NXPG":"Leverage Shares 2X Long NXPI Daily ETF","LRCU":"2倍做多LRCX ETF-Tradr","NXPX":"Tradr 2X Long NXPI Daily ETF","CRDU":"Tradr 2X Long CRDO Daily ETF","LRCX":"拉姆研究","MRVU":"Direxion Daily MRVL Bull 2X ETF","MRVX":"CORGI MRVL 2X DAILY ETF","DAMD":"2倍做空AMD ETF-Defiance","AVGO":"博通","HIMX":"奇景光电","SNDK":"闪迪","SOXS":"三倍做空半导体ETF-Direxion Daily","ADIU":"Leverage Shares 2X Long ADI Daily ETF","MCHG":"Leverage Shares 2X Long MCHP Daily ETF","AMBQ":"Ambiq Micro","ARMA":"Corgi ARM 2x Daily ETF","QCMD":"1倍做空QCOM ETF-Direxion","ARMG":"2倍做多ARM ETF- Leverage Shares","MUD":"1倍做空MU ETF-Direxion","SOXL":"三倍做多半导体ETF-Direxion Daily","MCHU":"Tradr 2x Long MCHP Daily ETF","MUG":"Leverage Shares 2X Long MU Daily ETF","SWKS":"思佳讯","TXN":"德州仪器","APMI":"Corgi AMAT 2x Daily ETF","ARMW":"Roundhill ARM WeeklyPay ETF","AVS":"1倍做空AVGO ETF-Direxion","GFSG":"Leverage Shares 2X Long GFS Daily ETF","LSCC":"莱迪思半导体","STMX":"Leverage Shares 2X Long STM Daily ETF","MULL":"2倍做多MU ETF-GraniteShares","LABX":"Tradr 2X Long ALAB Daily ETF","DIPS":"做空NVDA期权收益策略ETF-YieldMax","QCOM":"高通","SOX":"费城半导体指数","AMUU":"2倍做多AMD ETF-Direxion","SMTG":"Leverage Shares 2X Long SMTC Daily ETF","QRVO":"Qorvo, Inc.","AMYY":"GraniteShares YieldBOOST AMD ETF","TSMG":"2倍做多TSM ETF- Leverage Shares","ALA":"Corgi ALAB 2x Daily ETF","NVC":"Corgi NVDA 2x Daily ETF","STSM":"Defiance Daily Target 2X Short TSM ETF","MRVL":"迈威尔科技","07388":"南方两倍做空英伟达","TSMU":"2倍做多TSM ETF-GraniteShares","SMCC":"2倍做多SMCI ETF-Corgi","NVD":"2倍做空NVDA ETF-GraniteShares","TWSC":"Corgi TSM 2x Daily ETF","SNXX":"2倍做多SNDK ETF-Tradr","MCHP":"微芯科技","TSMX":"2倍做多TSM ETF-Direxion","NVDB":"ProShares Ultra NVDA ETF","UCTT":"超科林半导体","TSMY":"TSM期权收益策略ETF-YieldMax","ARMU":"2倍做多ARM ETF-T-REX","SMCL":"2倍做多SMCI ETF-Graniteshares","INT":"2倍做多INTC ETF-Corgi","UMCU":"Tradr 2X Long UMC Daily ETF","NVDD":"1倍做空NVDA ETF-Direxion","SNPS":"新思科技","NVDG":"2倍做多NVDA ETF- Leverage Shares","TSMZ":"1倍做空TSM ETF-Direxion","SMTC":"先科电子","INTC":"英特尔","SMYY":"GraniteShares YieldBOOST SMCI ETF","UMCX":"Corgi UMC 2x Daily ETF","NXPI":"恩智浦","WDCC":"Corgi WDC 2x Daily ETF","NVDL":"2倍做多NVDA ETF-GraniteShares","MU":"美光科技","NVDQ":"2倍做空NVDA ETF-T-Rex","SMCI":"超微电脑","TXNU":"Direxion Daily TXN Bull 2X ETF","KLAC":"科磊","AMD":"美国超微公司","SMCX":"2倍做多SMCI ETF-Defiance","INTW":"2倍做多INTC ETF-GraniteShares","UMC":"联电","NVDS":"1.5倍做空NVDA ETF-Tradr","NVDA":"英伟达","ALAB":"Astera Labs, Inc.","WDCX":"Tradr 2X Long WDC Daily ETF","STXL":"Defiance Daily Target 2x Long STX ETF","SMCY":"SMCI期权收益策略ETF-YieldMax","NVDU":"2倍做多NVDA ETF-Direxion","AMA":"Defiance Daily Target 2X Long AMAT ETF","SNDC":"2倍做多SNDK ETF-Corgi","SMCZ":"2倍做空SMCI ETF-Defiance","NVDW":"NVDA周配息ETF-Roundhill","UCTX":"Corgi UCTT 2x Daily ETF","ARM":"ARM Holdings","SNDG":"2倍做多SNDK ETF-Leverage Shares","ON":"安森美半导体","STXU":"Leverage Shares 2X Long STX Daily ETF","NVDX":"2倍做多NVDA ETF-T-Rex","AVGC":"2倍做多AVGO ETF-Corgi","SNDQ":"2倍做空SNDK ETF-Tradr","AMAU":"Leverage Shares 2X Long AMAT Daily ETF","Q":"Qnity Electronics Inc","ASMG":"2倍做多ASML ETF- Leverage Shares","NVDY":"NVDA期权收益策略ETF-YieldMax","SNDU":"2倍做多SNDK ETF-T-REX","SNPX":"2倍做多SNPS ETF-Tradr","STXX":"Tradr 2X Long STX Daily ETF"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2680760451","content_text":"Faith in the artificial-intelligence trade is faltering, but one analyst sees reasons to remain upbeat.Semiconductor stocks are clearly \"suffering a crisis of confidence,\" Bernstein analyst Stacy Rasgon said in a note on Monday. Despite rising 50% on the year as of Friday's close, the PHLX Semiconductor Index had fallen 30% from its highs in June.Within the index, makers of semiconductor equipment and central processing units, which have experienced stellar growth so far this year, have suffered the most recently as investors continue to question the sustainability of AI spending, the analyst noted.Perhaps the most telling sign investors have grown weary of the AI trade is that chip stocks have undergone \"sharp multiple compression,\" Rasgon said, referring to valuations shrinking despite expectations for earnings to continue growing. The PHLX Semiconductor Index was trading at about 16 times estimates for forward earnings as of Friday's close, versus 28 times at its peak close in June, according to Dow Jones Market Data.The recent selloff in chip stocks followed a slate of earnings results from big cloud companies, which pointed to continued strong spending on AI infrastructure against dwindling cash flows. Still, investors are worried about delays in the buildout, Rasgon said, while concerns are also growing over the rising levels of debt companies are taking on to fund their AI ambitions.\"The stocks are clearly telling us that investors are getting worried about sustainability of demand, wondering about returns and doubting more and more about where the funding might be coming from to support the (very strong) forecasts that have been offered up by many companies in the space,\" Rasgon wrote.In his view, however, the earnings reports from major cloud-services providers support the idea that the AI trade has more room to run. While some big cloud companies noted lighter spending in the near term, Rasgon said all the cloud providers have either kept or raised expectations for spending this year, \"and all appear to expect significant acceleration as we move into next year.\"Even Intel, which saw its stock fall 29% Friday after its Thursday earnings report to wipe out $140 billion in market capitalization, flashed a good sign for the AI trade, Rasgon said. Investors were disappointed in the chip maker's outlook for the December quarter, which came in below expectations partly due to ongoing weakness in the market for personal computers.But Intel's data-center and AI business delivered strong performance, Rasgon noted. That segment includes its data-center CPUs and custom networking, which are in high demand as agentic AI adoption takes off.Intel's client-computing group, which includes its PC chips, isn't weak due to issues with demand, Rasgon said, but rather rising memory prices that are slowing down shipments - and those increases are due to insatiable AI-driven demand for memory chips.Meanwhile, analog-chip names, which mostly serve the automobile and industrial markets, have outperformed the broader sector \"as overall AI sentiment has soured,\" Rasgon said. And shares of Nvidia and Broadcom, which have traded at more of a discount, have also fared better than peers - likely helped by those lower valuations, he added.For now, Rasgon said he's focused on Nvidia and Broadcom, which he views as the main drivers of the chip trade. He's also upbeat on semiconductor-equipment makers, which are due for multiyear growth as the data-center buildout continues.Rasgon said he's also encouraged by Advanced Micro Devices (AMD), which mainly competes with Intel in the CPU market and with Nvidia in the market for graphics processing units - though he noted it also faces challenges in the PC market.AMD reports quarterly earnings on Tuesday afternoon.","news_type":1,"symbols_score_info":{"MUD":0.6,"ONG":0.6,"PXLW":2,"AMDW":0.6,"SMCX":0.6,"NVDW":0.6,"LABX":0.6,"SMCZ":0.6,"MUU":0.6,"TSMY":0.6,"HIMX":2,"AVGG":0.6,"AMDG":0.6,"NVDQ":0.6,"ON":2,"CRDU":0.6,"UMCU":0.6,"LINT":0.6,"STX":2,"STXX":0.6,"ARMU":0.6,"SMCI":2,"TSMX":0.6,"AMYY":0.6,"MUZ":0.6,"SOXL":2,"ADI":2,"SWKS":2,"WDCC":0.6,"LRCX":2,"STXL":0.6,"AVGU":0.6,"SNDU":0.6,"WDC":2,"ASMG":0.6,"SMCL":0.6,"SMCY":0.6,"AMA":0.6,"NVTC":0.6,"AMDC":0.6,"AMD":2,"AMDL":0.6,"DIPS":0.6,"ONX":0.6,"ARMG":0.6,"SOX":2,"SNDK":2,"NVTX":0.6,"CRD":0.6,"QCOM":2,"QCML":0.6,"AMBQ":2,"NVDO":0.6,"TSM":2,"CRDO":2,"AVGC":0.6,"AVGW":0.6,"WOLF":2,"TSMU":0.6,"NVC":0.6,"MULL":0.6,"STSM":0.6,"AVGX":0.6,"NXPX":0.6,"STMX":0.6,"SOXS":2,"NVDY":0.6,"MRVX":0.6,"07388":0.6,"GFS":2,"TWSC":0.6,"AVGO":2,"MCHG":0.6,"ASML":2,"MVLL":0.6,"ADIU":0.6,"Q":2,"DAMD":0.6,"LRCU":0.6,"MUYY":0.6,"NVII":0.6,"QCMU":0.6,"TXN":2,"INTW":0.6,"SNDQ":0.6,"SMCC":0.6,"ARMW":0.6,"07788":0.6,"NVDG":0.6,"SNPX":0.6,"GFSG":0.6,"MCHU":0.6,"KLAG":0.6,"ASMU":0.6,"SNXX":0.6,"INYY":0.6,"AMBA":2,"NVTS":2,"UMC":2,"NVDL":0.6,"NVDS":0.6,"NVD":0.6,"SMTG":0.6,"UCTT":2,"ALA":0.6,"AMUU":0.6,"TSMG":0.6,"AMDY":0.6,"INTC":2,"NVDB":0.6,"QCMD":0.6,"NXPG":0.6,"NVYY":0.6,"STXU":0.6,"NVDX":0.6,"LRCC":0.6,"AVL":0.6,"SMYY":0.6,"TXNU":0.6,"INT":0.6,"LSCC":2,"ASMZ":0.6,"MIC":0.6,"NVDA":2,"ANV":0.6,"ALAB":2,"AMAT":2,"MU":2,"SNPS":2,"ARM":2,"SNDC":0.6,"QRVO":2,"SNDG":0.6,"AMDD":0.6,"UCTX":0.6,"MCHP":2,"KLAC":2,"AVS":0.6,"MRVU":0.6,"MRVL":2,"APMI":0.6,"SMH":2,"AMAU":0.6,"TSMZ":0.6,"MUG":0.6,"NVDD":0.6,"UMCX":0.6,"STM":2,"NXPI":2,"SMTC":2,"ARMA":0.6,"NVDU":0.6,"WDCX":0.6}},"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":607730872665232,"gmtCreate":1789390887134,"gmtModify":1789393277557,"author":{"id":"4252158274860482","authorId":"4252158274860482","name":"Corrinn","avatar":"https://static.tigerbbs.com/default-avatar2.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4252158274860482","idStr":"4252158274860482"},"themes":[],"title":"","htmlText":"Top up","listText":"Top up","text":"Top up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/607730872665232","isVote":1,"tweetType":1,"viewCount":977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":607730872665232,"gmtCreate":1789390887134,"gmtModify":1789393277557,"author":{"id":"4252158274860482","authorId":"4252158274860482","name":"Corrinn","avatar":"https://static.tigerbbs.com/default-avatar2.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4252158274860482","authorIdStr":"4252158274860482"},"themes":[],"title":"","htmlText":"Top up","listText":"Top up","text":"Top up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/607730872665232","isVote":1,"tweetType":1,"viewCount":977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":625268586590704,"gmtCreate":1793693127367,"gmtModify":1793693192596,"author":{"id":"4252158274860482","authorId":"4252158274860482","name":"Corrinn","avatar":"https://static.tigerbbs.com/default-avatar2.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4252158274860482","authorIdStr":"4252158274860482"},"themes":[],"title":"","htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/625268586590704","repostId":"2680760451","repostType":2,"repost":{"id":"2680760451","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1793692800,"share":"https://ttm.financial/m/news/2680760451?lang=en_US&edition=fundamental","pubTime":"2026-11-03 16:00","market":"nz","language":"en","title":"Chip Stocks Are Suffering from a \"Crisis of Confidence\" - but Things Aren't as Gloomy as They Seem","url":"https://stock-news.laohu8.com/highlight/detail?id=2680760451","media":"Dow Jones","summary":"Investors are worried about whether there will be sustained demand for chips, but one analyst notes that large tech companies are still spending heavilyNvidia's stock has fared better than some of its","content":"<html><head></head><body><p style=\"text-align: left;\">Faith in the artificial-intelligence trade is faltering, but one analyst sees reasons to remain upbeat.</p><p style=\"text-align: left;\">Semiconductor stocks are clearly "suffering a crisis of confidence," Bernstein analyst Stacy Rasgon said in a note on Monday. Despite rising 50% on the year as of Friday's close, the <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Index</a> had fallen 30% from its highs in June.</p><p style=\"text-align: left;\">Within the index, makers of semiconductor equipment and central processing units, which have experienced stellar growth so far this year, have suffered the most recently as investors continue to question the sustainability of AI spending, the analyst noted.</p><p style=\"text-align: left;\">Perhaps the most telling sign investors have grown weary of the AI trade is that chip stocks have undergone "sharp multiple compression," Rasgon said, referring to valuations shrinking despite expectations for earnings to continue growing. The PHLX Semiconductor Index was trading at about 16 times estimates for forward earnings as of Friday's close, versus 28 times at its peak close in June, according to Dow Jones Market Data.</p><p style=\"text-align: left;\">The recent selloff in chip stocks followed a slate of earnings results from big cloud companies, which pointed to continued strong spending on AI infrastructure against dwindling cash flows. Still, investors are worried about delays in the buildout, Rasgon said, while concerns are also growing over the rising levels of debt companies are taking on to fund their AI ambitions.</p><p style=\"text-align: left;\">"The stocks are clearly telling us that investors are getting worried about sustainability of demand, wondering about returns and doubting more and more about where the funding might be coming from to support the (very strong) forecasts that have been offered up by many companies in the space," Rasgon wrote.</p><p style=\"text-align: left;\">In his view, however, the earnings reports from major cloud-services providers support the idea that the AI trade has more room to run. While some big cloud companies noted lighter spending in the near term, Rasgon said all the cloud providers have either kept or raised expectations for spending this year, "and all appear to expect significant acceleration as we move into next year."</p><p style=\"text-align: left;\">Even <a href=\"https://laohu8.com/S/INTC\">Intel</a>, which saw its stock fall 29% Friday after its Thursday earnings report to wipe out $140 billion in market capitalization, flashed a good sign for the AI trade, Rasgon said. Investors were disappointed in the chip maker's outlook for the December quarter, which came in below expectations partly due to ongoing weakness in the market for personal computers.</p><p style=\"text-align: left;\">But Intel's data-center and AI business delivered strong performance, Rasgon noted. That segment includes its data-center CPUs and custom networking, which are in high demand as agentic AI adoption takes off.</p><p style=\"text-align: left;\">Intel's client-computing group, which includes its PC chips, isn't weak due to issues with demand, Rasgon said, but rather rising memory prices that are slowing down shipments - and those increases are due to insatiable AI-driven demand for memory chips.</p><p style=\"text-align: left;\">Meanwhile, analog-chip names, which mostly serve the automobile and industrial markets, have outperformed the broader sector "as overall AI sentiment has soured," Rasgon said. And shares of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, which have traded at more of a discount, have also fared better than peers - likely helped by those lower valuations, he added.</p><p style=\"text-align: left;\">For now, Rasgon said he's focused on Nvidia and Broadcom, which he views as the main drivers of the chip trade. He's also upbeat on semiconductor-equipment makers, which are due for multiyear growth as the data-center buildout continues.</p><p style=\"text-align: left;\">Rasgon said he's also encouraged by Advanced Micro Devices (AMD), which mainly competes with Intel in the CPU market and with Nvidia in the market for graphics processing units - though he noted it also faces challenges in the PC market.</p><p style=\"text-align: left;\">AMD reports quarterly earnings on Tuesday afternoon.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chip Stocks Are Suffering from a \"Crisis of Confidence\" - but Things Aren't as Gloomy as They Seem</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChip Stocks Are Suffering from a \"Crisis of Confidence\" - but Things Aren't as Gloomy as They Seem\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-11-03 16:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Faith in the artificial-intelligence trade is faltering, but one analyst sees reasons to remain upbeat.</p><p style=\"text-align: left;\">Semiconductor stocks are clearly "suffering a crisis of confidence," Bernstein analyst Stacy Rasgon said in a note on Monday. Despite rising 50% on the year as of Friday's close, the <a href=\"https://laohu8.com/S/SOX\">PHLX Semiconductor Index</a> had fallen 30% from its highs in June.</p><p style=\"text-align: left;\">Within the index, makers of semiconductor equipment and central processing units, which have experienced stellar growth so far this year, have suffered the most recently as investors continue to question the sustainability of AI spending, the analyst noted.</p><p style=\"text-align: left;\">Perhaps the most telling sign investors have grown weary of the AI trade is that chip stocks have undergone "sharp multiple compression," Rasgon said, referring to valuations shrinking despite expectations for earnings to continue growing. The PHLX Semiconductor Index was trading at about 16 times estimates for forward earnings as of Friday's close, versus 28 times at its peak close in June, according to Dow Jones Market Data.</p><p style=\"text-align: left;\">The recent selloff in chip stocks followed a slate of earnings results from big cloud companies, which pointed to continued strong spending on AI infrastructure against dwindling cash flows. Still, investors are worried about delays in the buildout, Rasgon said, while concerns are also growing over the rising levels of debt companies are taking on to fund their AI ambitions.</p><p style=\"text-align: left;\">"The stocks are clearly telling us that investors are getting worried about sustainability of demand, wondering about returns and doubting more and more about where the funding might be coming from to support the (very strong) forecasts that have been offered up by many companies in the space," Rasgon wrote.</p><p style=\"text-align: left;\">In his view, however, the earnings reports from major cloud-services providers support the idea that the AI trade has more room to run. While some big cloud companies noted lighter spending in the near term, Rasgon said all the cloud providers have either kept or raised expectations for spending this year, "and all appear to expect significant acceleration as we move into next year."</p><p style=\"text-align: left;\">Even <a href=\"https://laohu8.com/S/INTC\">Intel</a>, which saw its stock fall 29% Friday after its Thursday earnings report to wipe out $140 billion in market capitalization, flashed a good sign for the AI trade, Rasgon said. Investors were disappointed in the chip maker's outlook for the December quarter, which came in below expectations partly due to ongoing weakness in the market for personal computers.</p><p style=\"text-align: left;\">But Intel's data-center and AI business delivered strong performance, Rasgon noted. That segment includes its data-center CPUs and custom networking, which are in high demand as agentic AI adoption takes off.</p><p style=\"text-align: left;\">Intel's client-computing group, which includes its PC chips, isn't weak due to issues with demand, Rasgon said, but rather rising memory prices that are slowing down shipments - and those increases are due to insatiable AI-driven demand for memory chips.</p><p style=\"text-align: left;\">Meanwhile, analog-chip names, which mostly serve the automobile and industrial markets, have outperformed the broader sector "as overall AI sentiment has soured," Rasgon said. And shares of <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> and <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a>, which have traded at more of a discount, have also fared better than peers - likely helped by those lower valuations, he added.</p><p style=\"text-align: left;\">For now, Rasgon said he's focused on Nvidia and Broadcom, which he views as the main drivers of the chip trade. He's also upbeat on semiconductor-equipment makers, which are due for multiyear growth as the data-center buildout continues.</p><p style=\"text-align: left;\">Rasgon said he's also encouraged by Advanced Micro Devices (AMD), which mainly competes with Intel in the CPU market and with Nvidia in the market for graphics processing units - though he noted it also faces challenges in the PC market.</p><p style=\"text-align: left;\">AMD reports quarterly earnings on Tuesday afternoon.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MUU":"2倍做多MU ETF-Direxion","AVGG":"2倍做多AVGO ETF-Leverage Shares","TSM":"台积电","QCML":"2倍做多QCOM ETF-GraniteShares","NVII":"Rex NVDA Growth & Income ETF","ASMU":"Direxion Daily ASML Bull 2X ETF","AMAT":"应用材料","SMH":"半导体指数ETF-HOLDRs","AMDC":"Corgi AMD 2x Daily ETF","07788":"南方两倍做多英伟达","MIC":"2倍做多MU ETF-Corgi","PXLW":"美国像素","QCMU":"2倍做多QCOM ETF-Direxion","ASMZ":"Corgi ASML 2x Daily ETF","NVTS":"纳微半导体","STX":"希捷科技","AVGU":"2倍做多AVGO ETF-GraniteShares","MUYY":"GraniteShares YieldBOOSTMU ETF","AMDD":"1倍做空AMD ETF-Direxion","AMBA":"安霸","ANV":"GraniteShares Autocallable NVDA ETF","AMDG":"2倍做多AMD ETF- Leverage Shares","MUZ":"2倍做空MU ETF-Defiance","LINT":"Direxion Daily INTC Bull 2X ETF","AMDL":"2倍做多AMD ETF-GraniteShares","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","AVGW":"Roundhill AVGO WeeklyPay ETF","AVGX":"2倍做多AVGO ETF-Defiance","ASML":"阿斯麦","ONG":"Leverage Shares 2X Long ON Daily ETF","GFS":"GLOBALFOUNDRIES Inc.","MVLL":"2倍做多MRVL ETF-GraniteShares","STM":"意法半导体","NVTC":"Corgi NVTS 2x Daily ETF","INYY":"YieldMax INTC Option Income Strategy ETF","AMDW":"Roundhill AMD WeeklyPay ETF","KLAG":"Leverage Shares 2X Long KLAC Daily ETF","ADI":"亚德诺","NVTX":"2倍做多NVTS ETF-Tradr","AMDY":"AMD期权收益策略ETF-YieldMax","AVL":"2倍做多AVGO ETF-Direxion","WDC":"西部数据","WOLF":"Wolfspeed Inc.","CRD":"Corgi CRDO 2x Daily ETF","ONX":"Tradr 2X Long ON Daily ETF","NVYY":"GraniteShares YieldBOOST NVDA ETF","CRDO":"Credo Technology Group Holding Ltd","LRCC":"Corgi LRCX 2x Daily ETF","NXPG":"Leverage Shares 2X Long NXPI Daily ETF","LRCU":"2倍做多LRCX ETF-Tradr","NXPX":"Tradr 2X Long NXPI Daily ETF","CRDU":"Tradr 2X Long CRDO Daily ETF","LRCX":"拉姆研究","MRVU":"Direxion Daily MRVL Bull 2X ETF","MRVX":"CORGI MRVL 2X DAILY ETF","DAMD":"2倍做空AMD ETF-Defiance","AVGO":"博通","HIMX":"奇景光电","SNDK":"闪迪","SOXS":"三倍做空半导体ETF-Direxion Daily","ADIU":"Leverage Shares 2X Long ADI Daily ETF","MCHG":"Leverage Shares 2X Long MCHP Daily ETF","AMBQ":"Ambiq Micro","ARMA":"Corgi ARM 2x Daily ETF","QCMD":"1倍做空QCOM ETF-Direxion","ARMG":"2倍做多ARM ETF- Leverage Shares","MUD":"1倍做空MU ETF-Direxion","SOXL":"三倍做多半导体ETF-Direxion Daily","MCHU":"Tradr 2x Long MCHP Daily ETF","MUG":"Leverage Shares 2X Long MU Daily ETF","SWKS":"思佳讯","TXN":"德州仪器","APMI":"Corgi AMAT 2x Daily ETF","ARMW":"Roundhill ARM WeeklyPay ETF","AVS":"1倍做空AVGO ETF-Direxion","GFSG":"Leverage Shares 2X Long GFS Daily ETF","LSCC":"莱迪思半导体","STMX":"Leverage Shares 2X Long STM Daily ETF","MULL":"2倍做多MU ETF-GraniteShares","LABX":"Tradr 2X Long ALAB Daily ETF","DIPS":"做空NVDA期权收益策略ETF-YieldMax","QCOM":"高通","SOX":"费城半导体指数","AMUU":"2倍做多AMD ETF-Direxion","SMTG":"Leverage Shares 2X Long SMTC Daily ETF","QRVO":"Qorvo, Inc.","AMYY":"GraniteShares YieldBOOST AMD ETF","TSMG":"2倍做多TSM ETF- Leverage Shares","ALA":"Corgi ALAB 2x Daily ETF","NVC":"Corgi NVDA 2x Daily ETF","STSM":"Defiance Daily Target 2X Short TSM ETF","MRVL":"迈威尔科技","07388":"南方两倍做空英伟达","TSMU":"2倍做多TSM ETF-GraniteShares","SMCC":"2倍做多SMCI ETF-Corgi","NVD":"2倍做空NVDA ETF-GraniteShares","TWSC":"Corgi TSM 2x Daily ETF","SNXX":"2倍做多SNDK ETF-Tradr","MCHP":"微芯科技","TSMX":"2倍做多TSM ETF-Direxion","NVDB":"ProShares Ultra NVDA ETF","UCTT":"超科林半导体","TSMY":"TSM期权收益策略ETF-YieldMax","ARMU":"2倍做多ARM ETF-T-REX","SMCL":"2倍做多SMCI ETF-Graniteshares","INT":"2倍做多INTC ETF-Corgi","UMCU":"Tradr 2X Long UMC Daily ETF","NVDD":"1倍做空NVDA ETF-Direxion","SNPS":"新思科技","NVDG":"2倍做多NVDA ETF- Leverage Shares","TSMZ":"1倍做空TSM ETF-Direxion","SMTC":"先科电子","INTC":"英特尔","SMYY":"GraniteShares YieldBOOST SMCI ETF","UMCX":"Corgi UMC 2x Daily ETF","NXPI":"恩智浦","WDCC":"Corgi WDC 2x Daily ETF","NVDL":"2倍做多NVDA ETF-GraniteShares","MU":"美光科技","NVDQ":"2倍做空NVDA ETF-T-Rex","SMCI":"超微电脑","TXNU":"Direxion Daily TXN Bull 2X ETF","KLAC":"科磊","AMD":"美国超微公司","SMCX":"2倍做多SMCI ETF-Defiance","INTW":"2倍做多INTC ETF-GraniteShares","UMC":"联电","NVDS":"1.5倍做空NVDA ETF-Tradr","NVDA":"英伟达","ALAB":"Astera Labs, Inc.","WDCX":"Tradr 2X Long WDC Daily ETF","STXL":"Defiance Daily Target 2x Long STX ETF","SMCY":"SMCI期权收益策略ETF-YieldMax","NVDU":"2倍做多NVDA ETF-Direxion","AMA":"Defiance Daily Target 2X Long AMAT ETF","SNDC":"2倍做多SNDK ETF-Corgi","SMCZ":"2倍做空SMCI ETF-Defiance","NVDW":"NVDA周配息ETF-Roundhill","UCTX":"Corgi UCTT 2x Daily ETF","ARM":"ARM Holdings","SNDG":"2倍做多SNDK ETF-Leverage Shares","ON":"安森美半导体","STXU":"Leverage Shares 2X Long STX Daily ETF","NVDX":"2倍做多NVDA ETF-T-Rex","AVGC":"2倍做多AVGO ETF-Corgi","SNDQ":"2倍做空SNDK ETF-Tradr","AMAU":"Leverage Shares 2X Long AMAT Daily ETF","Q":"Qnity Electronics Inc","ASMG":"2倍做多ASML ETF- Leverage Shares","NVDY":"NVDA期权收益策略ETF-YieldMax","SNDU":"2倍做多SNDK ETF-T-REX","SNPX":"2倍做多SNPS ETF-Tradr","STXX":"Tradr 2X Long STX Daily ETF"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2680760451","content_text":"Faith in the artificial-intelligence trade is faltering, but one analyst sees reasons to remain upbeat.Semiconductor stocks are clearly \"suffering a crisis of confidence,\" Bernstein analyst Stacy Rasgon said in a note on Monday. Despite rising 50% on the year as of Friday's close, the PHLX Semiconductor Index had fallen 30% from its highs in June.Within the index, makers of semiconductor equipment and central processing units, which have experienced stellar growth so far this year, have suffered the most recently as investors continue to question the sustainability of AI spending, the analyst noted.Perhaps the most telling sign investors have grown weary of the AI trade is that chip stocks have undergone \"sharp multiple compression,\" Rasgon said, referring to valuations shrinking despite expectations for earnings to continue growing. The PHLX Semiconductor Index was trading at about 16 times estimates for forward earnings as of Friday's close, versus 28 times at its peak close in June, according to Dow Jones Market Data.The recent selloff in chip stocks followed a slate of earnings results from big cloud companies, which pointed to continued strong spending on AI infrastructure against dwindling cash flows. Still, investors are worried about delays in the buildout, Rasgon said, while concerns are also growing over the rising levels of debt companies are taking on to fund their AI ambitions.\"The stocks are clearly telling us that investors are getting worried about sustainability of demand, wondering about returns and doubting more and more about where the funding might be coming from to support the (very strong) forecasts that have been offered up by many companies in the space,\" Rasgon wrote.In his view, however, the earnings reports from major cloud-services providers support the idea that the AI trade has more room to run. While some big cloud companies noted lighter spending in the near term, Rasgon said all the cloud providers have either kept or raised expectations for spending this year, \"and all appear to expect significant acceleration as we move into next year.\"Even Intel, which saw its stock fall 29% Friday after its Thursday earnings report to wipe out $140 billion in market capitalization, flashed a good sign for the AI trade, Rasgon said. Investors were disappointed in the chip maker's outlook for the December quarter, which came in below expectations partly due to ongoing weakness in the market for personal computers.But Intel's data-center and AI business delivered strong performance, Rasgon noted. That segment includes its data-center CPUs and custom networking, which are in high demand as agentic AI adoption takes off.Intel's client-computing group, which includes its PC chips, isn't weak due to issues with demand, Rasgon said, but rather rising memory prices that are slowing down shipments - and those increases are due to insatiable AI-driven demand for memory chips.Meanwhile, analog-chip names, which mostly serve the automobile and industrial markets, have outperformed the broader sector \"as overall AI sentiment has soured,\" Rasgon said. And shares of Nvidia and Broadcom, which have traded at more of a discount, have also fared better than peers - likely helped by those lower valuations, he added.For now, Rasgon said he's focused on Nvidia and Broadcom, which he views as the main drivers of the chip trade. He's also upbeat on semiconductor-equipment makers, which are due for multiyear growth as the data-center buildout continues.Rasgon said he's also encouraged by Advanced Micro Devices (AMD), which mainly competes with Intel in the CPU market and with Nvidia in the market for graphics processing units - though he noted it also faces challenges in the PC market.AMD reports quarterly earnings on Tuesday afternoon.","news_type":1,"symbols_score_info":{"MUD":0.6,"ONG":0.6,"PXLW":2,"AMDW":0.6,"SMCX":0.6,"NVDW":0.6,"LABX":0.6,"SMCZ":0.6,"MUU":0.6,"TSMY":0.6,"HIMX":2,"AVGG":0.6,"AMDG":0.6,"NVDQ":0.6,"ON":2,"CRDU":0.6,"UMCU":0.6,"LINT":0.6,"STX":2,"STXX":0.6,"ARMU":0.6,"SMCI":2,"TSMX":0.6,"AMYY":0.6,"MUZ":0.6,"SOXL":2,"ADI":2,"SWKS":2,"WDCC":0.6,"LRCX":2,"STXL":0.6,"AVGU":0.6,"SNDU":0.6,"WDC":2,"ASMG":0.6,"SMCL":0.6,"SMCY":0.6,"AMA":0.6,"NVTC":0.6,"AMDC":0.6,"AMD":2,"AMDL":0.6,"DIPS":0.6,"ONX":0.6,"ARMG":0.6,"SOX":2,"SNDK":2,"NVTX":0.6,"CRD":0.6,"QCOM":2,"QCML":0.6,"AMBQ":2,"NVDO":0.6,"TSM":2,"CRDO":2,"AVGC":0.6,"AVGW":0.6,"WOLF":2,"TSMU":0.6,"NVC":0.6,"MULL":0.6,"STSM":0.6,"AVGX":0.6,"NXPX":0.6,"STMX":0.6,"SOXS":2,"NVDY":0.6,"MRVX":0.6,"07388":0.6,"GFS":2,"TWSC":0.6,"AVGO":2,"MCHG":0.6,"ASML":2,"MVLL":0.6,"ADIU":0.6,"Q":2,"DAMD":0.6,"LRCU":0.6,"MUYY":0.6,"NVII":0.6,"QCMU":0.6,"TXN":2,"INTW":0.6,"SNDQ":0.6,"SMCC":0.6,"ARMW":0.6,"07788":0.6,"NVDG":0.6,"SNPX":0.6,"GFSG":0.6,"MCHU":0.6,"KLAG":0.6,"ASMU":0.6,"SNXX":0.6,"INYY":0.6,"AMBA":2,"NVTS":2,"UMC":2,"NVDL":0.6,"NVDS":0.6,"NVD":0.6,"SMTG":0.6,"UCTT":2,"ALA":0.6,"AMUU":0.6,"TSMG":0.6,"AMDY":0.6,"INTC":2,"NVDB":0.6,"QCMD":0.6,"NXPG":0.6,"NVYY":0.6,"STXU":0.6,"NVDX":0.6,"LRCC":0.6,"AVL":0.6,"SMYY":0.6,"TXNU":0.6,"INT":0.6,"LSCC":2,"ASMZ":0.6,"MIC":0.6,"NVDA":2,"ANV":0.6,"ALAB":2,"AMAT":2,"MU":2,"SNPS":2,"ARM":2,"SNDC":0.6,"QRVO":2,"SNDG":0.6,"AMDD":0.6,"UCTX":0.6,"MCHP":2,"KLAC":2,"AVS":0.6,"MRVU":0.6,"MRVL":2,"APMI":0.6,"SMH":2,"AMAU":0.6,"TSMZ":0.6,"MUG":0.6,"NVDD":0.6,"UMCX":0.6,"STM":2,"NXPI":2,"SMTC":2,"ARMA":0.6,"NVDU":0.6,"WDCX":0.6}},"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
