SMH

My plan is to stay out of the market today. There was some violent sell off on Friday in the semiconductors. All the stocks and ETFs I follow sold off and there were a lot of shooting starts or bearish engulfing candles. Several of the indices are looking tired too, the S&P500 has a bearish engulfing candle as well. But MSFT is hanging in there, that’s one that I want to bet on for the long term and I might be increasing my long term holdings of it. ...

I’ve written a lot about the AI chip wars over on my other blog about how there’s an AI chip war happening. Intel, Nvidia, Apple, and now Microsoft are building new semiconductor chips to handle larger workloads to support AI models. President Biden’s administration released the CHIPS and Science Act in August 2022 was a way to bring more semiconductor manufacturing back onto US shores, not just for jobs but to protect our competitive advantage. ...