When will the Nasdaq and semiconductor selloff end? The charts offer clues. - MSN

The Nasdaq Composite is approaching correction territory, with semiconductor stocks once again leading the decline. Momentum has turned negative, positioning is crowded, and volatility is rising. Hist... Read original →

This semiconductor pullback reflects technical profit-taking after AI-driven euphoria, not bubble implosion. Upstream constraints—lengthening EUV and 3nm tool lead times—are throttling TSMC’s capacity ramp, directly limiting HBM supply elasticity. Escalating U.S.-Japan-Netherlands export controls have forced mature-node fabs in Taiwan, China and mainland China into price wars, inflating compliance costs by over 15%. As Micron and Samsung race to define HBM4 standards, SK Hynix will likely deepen its integration with NVIDIA’s ecosystem to defend market share. Over the next 12–24 months, only firms with advanced packaging prowess, secure EUV access, and AI-specific IP will survive the ‘great filter.’ Current volatility is capital repricing real technological moats—not abandoning the AI thesis.