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Tech stocks soar but market correction expected this summer, says analyst.

Market News
09 Jun 2026
Fox Business
View Source
Bullish
pluang ai news

After a rapid surge in tech stocks, especially semiconductors driven by AI demand, analyst Eddie Ghabour warns of a possible market correction this summer. The semiconductor sector, highlighted by the iShares Semiconductor ETF up 89% year to date, benefits from AI's growing infrastructure needs. However, investors should prepare for volatility and consider semiconductor ETFs as part of a diversified, long-term portfolio. The semiconductor market is forecasted to exceed $1 trillion in revenue by the end of 2026, but risks remain if AI adoption slows or faces challenges.

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