Morgan Stanley sends clear message on semiconductor stocks after selloff

Semiconductor stocks have come under pressure. Over the past month, the sector tracked by the iShares Semiconductor ETF (SOXX) has dropped roughly 10%, as investors grow cautious about valuations, demand trends, and the sustainability of recent gains. On March 24,  Alphabet’s Google (GOOGL) rolled out TurboQuant, a new compression method that could reduce the amount of memory required to run AI models by 6x, causing a sell-off in memory names, with Micron (MU) and Sandisk (SNDK) down more than 10% in the ...