Mike Larson | Editor-in-Chief
I’m “wheels up” to our 2026 MoneyShow Masters Symposium Las Vegas tomorrow – and I hope to see you there! I always kick our events off with a discussion of important trading action and key market trends. This time, I'm going to share the most important chart I'll cover in Vegas with you here, too.
Take a look at my MoneyShow Chart of the Day. It shows the performance of a broad range of chip companies over the last month. They include the South Korea-traded shares of SK Hynix Inc. (SKHY) and Samsung Electronics, plus long-time US stalwarts Micron Technology Inc. (MU) and Intel Corp. (INTC). I also threw in newly public Cerebras Systems Inc. (CBRS).
SK Hynix, Samsung, MU, INTC, SNDK, NVDA, CBRS (1-Mo. % Change)
Source: TradingView
What’s immediately obvious? They’re all headed down and to the right – with the one exception of Nvidia Corp. (NVDA). Losses range from around 15% for CBRS to 25% for Samsung. The SPDR S&P 500 ETF (SPY) is roughly unchanged during the same timeframe.
This sector is incredibly important. As in HUGELY so. Chip stocks are the linchpin of the AI trade. They’ve served as a great barometer of AI spending and AI investing sentiment.
They’ve delivered phenomenal returns, too. The iShares Semiconductor ETF (SOXX) is up 126% in the last 12 months – even after the recent fade.
We can afford to see consolidation. We can afford to give back some ground. If that’s all this turns out to be, fine.
But if we “lose” semis, it’ll sap animal spirits. It will also say a lot about the AI trade overall. I look forward to sharing much more with you at Caesars Palace soon!
Editor’s Note: I’ll be hosting the Las Vegas Symposium or traveling through Thursday, July 23. My Chart of the Day column will resume on Friday, July 24. In the meantime, look for newsletters with a sampling of picks from our hot-off-the-press special report The 2026 “Championship Portfolio”: 12 Winning Investment Ideas for YOU!
Leading U.S. and Asian chipmakers — including SK Hynix, Samsung, SanDisk, Micron, and Intel — have fallen 20% or more over the past month. Since late June, roughly $3.3 trillion in global market value has been vaporized!
Because semiconductor stocks are at the center of the Artificial Intelligence investment boom, their performance can provide valuable insight into AI capital spending and investor sentiment. Check out my MoneyShow Video Market Minute for more!
Ladies and gentlemen, pullbacks on crazy-cheap growth stocks are a blessing. Don’t buy into the bear-bait. Our number one oversold memory stock to trade now is Micron Technology Inc. (MU), says Lucas Downey, co-founder of MoneyFlows.
ASML Holding NV (ASML) reported solid results with continued strong demand for its advanced EUV and High-NA systems, driven by the ongoing AI buildout. While the stock had some volatility around the print (typical for a high-beta name), the overall tone was constructive, advises Danielle Shay, editor of Five Star Trader.
