Morgan Chase: Semiconductors are almost oversold, and it's recommended that they be phased in in summer

ON 21 JULY, MORGAN CHASE ' S STOCK STRATEGY REPORT OF 20 JULY STATES THAT THE PAST FEW WEEKS HAVE SEEN A SHARP SALE OF AI-RELATED STOCKS, A 25 PER CENT DROP IN THE SOUTH KOREAN STOCK MARKET, A 20 PER CENT DROP IN PHILADELPHIA ' S SEMICONDUCTOR INDEX, AND A 20 TO 50 PER CENT DROP IN THE SHARES OF SAMSUNG AND AMERICAN LIGHT. THE REPORT ARGUES THAT THE CORE DRIVING FORCE OF THE FALL WAS TECHNICAL AND SILO-FREE, WITH NO DETERIORATION IN THE BASICS. WHILE THE GAP BETWEEN THE RELATIVE PRICE OF SEMICONDUCTORS AND THE TREND OF RELATIVE PROFITABILITY CONTINUES TO WIDEN, THE TIGHT SUPPLY AND DEMAND BALANCE BETWEEN DRAM AND NAND WILL CONTINUE UNTIL 2028, DRAM SPOT PRICES WILL REMAIN HIGH, AND BEAUTY LIGHT WILL ADJUST PERFORMANCE GUIDELINES TO JUDGE SUPPLY AND DEMAND STRESS AT LEAST UNTIL 2027. THE PHILADELPHIA SEMICONDUCTOR INDEX, RSI, IS CLOSE TO THE OVERSALE RANGE, AND THE MOMENTUM INCREASE ACCUMULATED DURING THE YEAR IS ESSENTIALLY VOMITING. MORGAN CHASE CONCLUDED THAT THE REBOUND WINDOW WOULD BE OPENED AS SOON AS THE OVERSOLD SIGNAL WAS CONFIRMED, AND SUGGESTED THAT THE INVESTOR WOULD SET THE SEMICONDUCTOR IN A SUMMER BATCH. IN THE SECOND QUARTER, THE OVER-PROJECTED RATE WAS 97 PER CENT, WITH THE STANDARD 500 OVER-PROJECTED COMPANY WINNING AN AVERAGE OF 1.7 PERCENTAGE POINTS ON THE DAY OF THE DAY. IN TERMS OF CONFIGURATION, MORGAN CHASE INCREASED ITS EQUITY ALLOCATION FROM 60 PER CENT TO 65 PER CENT, THE EURO AREA RATIO FROM 8.7 PER CENT TO 11 PER CENT, OVER-COMPENSATION OF SEMICONDUCTORS, MINING, CAPITAL, AUTOMOBILES, INSURANCE AND BANKING AT THE INDUSTRY LEVEL, LOW-SUPPLEMENT SOFTWARE, BUSINESS SERVICES, MEDIA, ETC. WITH REGARD TO GEO-CONFLICT, THE REPORT FOUND THAT THE “FALL-TO-BUY” STRATEGY SINCE THE END OF MARCH REMAINED VALID。