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Why Semiconductor Stocks Keep Rallying

10 min5 maj 2026

Zed Francis breaks down what's driving the ongoing rally in semiconductor stocks, highlighting the contrast between less cyclical leaders like Nvidia (NVDA) and more volatile memory names. He explains how rising market confidence is extending earnings "cliffs," driving sharp gains while emphasizing the importance of volatility trends across the sector. Francis adds that credit markets will be the trigger for when the long feared cliff appears.


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