POPA ReconBofA: Semiconductor correction is a positioning source, not fundamentals
BofA: Semiconductor correction is a positioning source, not fundamentals 1. Supply and demand arrangements are not yet complete. - Hardware has become an overcrowded trade that attracts even non-professional investors. - There is a possibility that MU/SNDK late buyer stock still remains. - Increasing volatility is causing mechanical selling by long-term investors. 2. The section where good news does not raise the stock price - TSM, ASML, and INTC all declined despite good performance - Even intraday rebounds continue to be sold off. - It is difficult to turn the stock price around simply by…
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