BTIG warns that US semiconductor stocks will face a significant pullback

Glonghui, May 14th ｜ BTIG analyst Jonathan Krinsky has warned that US semiconductor stocks are about to face a significant pullback. He believes that the recent parabolic surge in technology and AI stocks is likely to swiftly reverse in an "equal and opposite" manner. BTIG’s baseline scenario is clearly on the cautious side, with the semiconductor index potentially falling at least 20% from current levels to test its 50-day moving average.