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Semiconductor's Valuations Semiconductor's market cap has never been so extended, fwiw. It is twice of the one at the 2000 dot-com peak. It will come down eventually, the question is of precise timing. See my SMH cycle chart posted a few days ago.

Published Apr 29, 2026Updated Apr 29, 20262 min read
Semiconductor's Valuations Semiconductor's market cap has never been so extended, fwiw. It is twice of the one at the 2000 dot-com peak. It will come down eventually, the question is of precise timing. See my SMH cycle chart posted a few days ago.
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