Qorvo, onsemi, and Lam Research stocks trade down, what you need to know - MSN

The semiconductor sector is facing structural pressures, with several related stocks declining during the trading session. According to a Bank of America fund manager survey, 80% of respondents viewed... Read original →

The recent semiconductor selloff stems not from sentiment alone but a confluence of technological inflection, macro tightening, and capital overcrowding. As 3nm and EUV processes hit physical and economic limits, equipment makers like Lam Research face deferred capex from foundries, while Qorvo and onsemi suffer from slowing RF and power device demand. With 80% of fund managers labeling semiconductors the 'most crowded trade,' any inflation surprise—like May’s 1.9% import price surge—triggers algorithmic unwinds. A hawkish Fed pivot amplifies this fragility. Geopolitically, supply chain reconfiguration around U.S., Japan, and Taiwan, China raises manufacturing costs despite reducing disruption risk. Over the next 12–24 months, expect brutal consolidation: weaker second-tier players will be acquired, while leaders with EUV integration and localized supply chains will dictate the next industry architecture.