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Chip Stocks FOMO Rally: Why This Could Signal The Final Blow-Off Top For The Bull Market

By Seeking Alpha May 12, 2026 Bearish
Chip Stocks FOMO Rally: Why This Could Signal The Final Blow-Off Top For The Bull Market
Semiconductor and memory stocks have experienced parabolic, momentum-driven gains, reminiscent of late-cycle blow-off tops and the dot-com bubble. Valuations in the chip sector are extremely stretched, with examples like INTC trading at roughly 80x 2027 earnings and AEHR at near break-even.
Semiconductor and memory stocks have experienced parabolic, momentum-driven gains, reminiscent of late-cycle blow-off tops and the dot-com bubble. Valuations in the chip sector are extremely stretched, with examples like INTC trading at roughly 80x 2027 earnings and AEHR at near break-even.