Following a sharp market selloff on November 5, analyst Jack Bowman remains optimistic about tech stocks, increasing his holdings in the Magnificent Seven ETF (MAGS) and semiconductor companies such as Micron Technology. The Semiconductor ETF (SMH) has dropped to a forward P/E of 13x, down from a peak of 48.5x in June, reflecting concerns about demand for computing power and the return on investment in AI-related technology. Despite market volatility, MAGS trades at a reasonable valuation with strong margins and return on equity, making current prices a potential buying opportunity, though not guaranteed to be the bottom.
As of November 6, 2026 22:22 WIB, the Semiconductor ETF (SMH) trades at USD 466.11 with a 1-day gain of 4.11% on Pluang. Micron Technology (MU) shows a stronger 1-day increase of 6.75%, priced at USD 700.67. The Magnificent Seven ETF (MAGS) also rose by 2.20%, trading at USD 68.32, reflecting active investor interest in these tech assets.
Nvidia shares fell 5.23% amid sector-wide selling linked to potential AI regulations after the midterm elections, with no company-specific news. Nvidia is the largest holding in major index funds like the S&P 500 ETF, Nasdaq-100 ETF, and a semiconduc...
AMD's stock fell 13.08% after a strong quarterly report, driven by concerns over potential AI regulation from a Democrat-controlled US Congress. This decline impacted chip ETFs like VanEck Semiconductor (SMH) and iShares Semiconductor (SOXX), which h...
Over the past year, the First Trust Nasdaq Semiconductor ETF (FTXL) returned 67.35%, outperforming the popular VanEck Semiconductor ETF (SMH), which returned 44.09%. However, over longer periods like five and ten years, SMH has significantly outperfo...
Hyperscaler capital expenditure is driving strong demand in the semiconductor sector, with market growth expected to reach 27% and hyperscaler spending potentially increasing 29% by 2027. Despite recent fatigue in the market and pullbacks in semicond...
