US semiconductor stocks flash overbought signals, yet optimism holds after dot-com peak

US semiconductor stocks are showing signs of entering their most overbought phase since the collapse of the dot-com bubble, Reuters reported on May 13 local time. The Philadelphia Semiconductor Index, or SOX, was cited as a key gauge for assessing whether the sector is overheating. The original report said the SOX’s recent moves were presented as evidence of strong investor enthusiasm toward chip stocks. Still, the report also highlighted that optimism toward semiconductor shares remains in place despite these overheating signals. The situation points to a market where concerns over stretched short-term prices coexist with a positive view of the sector’s outlook. Source: mk.co.kr.