Sizzling semiconductor trade at risk of cooling - and stalling U.S. stocks rally

Semiconductor shares have posted a stunning run-up that has helped power the broader U.S. stock rally, but the move is now raising overheating concerns. Investors are increasingly positioning for a pullback as valuations and momentum in the group draw scrutiny, with potential pressure focused on semiconductor stocks and related tech names.

Analysis

Semiconductor shares have posted a stunning run-up that has helped power the broader U.S. stock rally, but the move is now raising overheating concerns. Investors are increasingly positioning for a pullback as valuations and momentum in the group draw scrutiny, with potential pressure focused on semiconductor stocks and related tech names.