Selling pressure in semiconductor stocks may be nearing exhaustion, with charts
suggesting a potential rebound, according to Todd Gordon of Inside Edge Capital.
He said sentiment is heavily bearish, but market bottoms often form before
fundamentals improve. Technical patterns in VanEck Semiconductor ETF (SMH)
indicate support, while relative performance versus the S&P 500 Index remains
stable. Gordon added that valuation compression has made chip stocks, including
Nvidia Corp., comparatively cheap despite strong earnings growth.
