Semiconductor Sector is full of activities in the last few days
While the mega-deal news of Broadcom ($AVGO) acquiring Qualcomm ($QCOM) is still humming in the air pushing the semiconductor sector hanging high in mid air, we have news from Intel ($INTC) joining effort with AMD ($AMD) to combine their products to take on Nvidia ($NVDA). AMD was up 6% strong on Monday morning while Intel was up more than 1% near market open. As a result, the semiconductor index ETF iShares PHLX SOX Semiconductor Sector Index Fund ($SOXX) is gapping up 1% strong this morning.
Despite that $SOXX looks rather high in valuation, I believe that it is only at the beginning of a secular uptrend as technologies continues to rely on chips, memories and storages to build their business platform. For those who have the stomach for volatility, semiconductor sector is land of full of opportunities and gambles.