Semiconductor · Jim Cramer · Wall Street · Goldman Sachs · CNBC Technology
Cramer calls blistering rally in chip stocks 'worrisome.' How he's protecting his portfolio
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
CNBC's Jim Cramer said the blistering rally in semiconductor and AI-related stocks may be sending a warning signal about the broader market.
Key facts
- Analysts at Goldman Sachs recently said the index traded about 50% above its 200-day moving average, a key momentum indicator used by technical strategists
- Names like Advanced Micro Devices, Arista Networks, and Marvell Technology have surged 50% or more since late March
- His caution comes after a historic run in the Philadelphia Semiconductor Index, often called the SOX, which surged for 18 straight sessions, its longest win streak ever, before pulling back on Monday
- CNBC's Jim Cramer said the blistering rally in semiconductor and AI-related stocks may be sending a warning signal about the broader market
Summary
His caution comes after a historic run in the Philadelphia Semiconductor Index, often called the SOX, which surged for 18 straight sessions, its longest win streak ever, before pulling back on Monday. Even with Monday's dip, the index is up 37% in April. That comparison has not gone unnoticed on Wall Street. For Cramer, the bigger concern is how widespread the rally has become.