Semiconductors are leading one of the most explosive equity rallies in years. Fundamentals are keeping pace, giving strength to the rally’s durability.
The fundamental backdrop, in our view, justifies the attention and potentially bodes well for other AI IPOs to come.
We have grown more constructive on the semiconductor sector as the evidence has accumulated, but the rally's composition deserves scrutiny.
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By Shannon Saccocia and Jamie Zakalik
Semiconductors are leading one of the most explosive equity rallies in years. Fundamentals are keeping pace, giving strength to the rally’s durability.
The successful $5.5 billion IPO of a semiconductor
