Chip Stocks Flash Strongest Overbought Signal Since Dot-Com Bust

Reuters reported on May 13 local time that U.S. semiconductor stocks are showing signs of entering their most overbought phase since the collapse of the dot-com bubble. According to the report, the Philadelphia Semiconductor Index, or SOX, is also drawing market attention as concerns grow over overheating in the chip sector. Semiconductor shares continue to benefit from investor sentiment tied to artificial intelligence expectations and sector strength, but rising overbought signals are also raising concerns about short-term volatility. Markets are watching why optimism remains in place despite overheating warnings and how the SOX index moves next. Source: mk.co.kr