I’m “wheels up” to our 2026 MoneyShow Masters Symposium Las Vegas tomorrow – and I hope to see you there! I always kick our events off with a discussion of important trading action and key market trends. This time, I'm going to share the most important chart I'll cover in Vegas with you here, too.
Take a look at my MoneyShow Chart of the Day. It shows the performance of a broad range of chip companies over the last month. They include the South Korea-traded shares of SK Hynix Inc. (SKHY) and Samsung Electronics, plus long-time US stalwarts Micron Technology Inc. (MU) and Intel Corp. (INTC). I also threw in newly public Cerebras Systems Inc. (CBRS).
SK Hynix, Samsung Electronics, MU, INTC, SNDK, NVDA, CBRS
(1-Mo. % Change)
Source: TradingView
What’s immediately obvious? They’re all headed down and to the right – with the one exception of Nvidia Corp. (NVDA). Losses range from around 15% for CBRS to 25% for Samsung. The SPDR S&P 500 ETF (SPY) is roughly unchanged during the same timeframe.
This sector is incredibly important. As in HUGELY so. Chip stocks are the linchpin of the AI trade. They’ve served as a great barometer of AI spending and AI investing sentiment.
They’ve delivered phenomenal returns, too. The iShares Semiconductor ETF (SOXX) is up 126% in the last 12 months – even after the recent fade.
We can afford to see consolidation. We can afford to give back some ground. If that’s all this turns out to be, fine.
But if we “lose” semis, it’ll sap animal spirits. It will also say a lot about the AI trade overall. I look forward to sharing much more with you at Caesars Palace soon!
