
NEW DATA POINT SHOWS INSATIABLE DEMAND FOR AI CHIPS BUT CHART SHOWS BROADENING TOP PATTERN
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Insatiable Demand For AI Chips Please click here for a chart of semiconductor ETF (SMH). Note the following: This is an important chart for three reasons. Semiconductors are the epicenter of the AI revolution. Semiconductors are the leading sector in the stock market. Semiconductors often provide an early indication of upcoming stock market moves. The chart shows a broadening top formation. This is a negative. The chart shows a big drop in semiconductors yesterday after ASML (ASML) earnings. Please see yesterday’s Morning Capsule