Quote post: @Barchart on semiconductor stocks breaking below the 200-day (SOX -3.1% while MSFT +6.7%, AMZN +6.1% after midterms)
Chip stocks hit a six-month low today after the Democratic midterm sweep. The SOX fell 3.1% while Microsoft rose 6.7% and Amazon 6.1%.
I think the market sees a slower data center buildout as savings for chip buyers and lost orders for chipmakers.
Not financial advice
https://x.com/Barchart/status/2118127786707579172
Sources: Reuters: SOX hit a six-month low, down 3.1%; Microsoft +6.7%, Amazon +6.1% · IBD: chip stocks at lowest since late April; SOX ended the session down 3.1% · Financial News (News1): SOX -3.13% to 10,268.65; MSFT +6.75%, AMZN +6.07% · CNBC: post-election rally masks a split in the AI trade between incumbents and suppliers
Not financial advice. For informational and educational purposes only.
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