Tech Stocks Surge Past Dot-Com Bubble Valuations

Summary

The semiconductor market, driven by AI, is exhibiting growth exceeding even the dot-com bubble, with top AI semiconductor companies now collectively valued at over 15 trillion dollars. This surge is fueled by investor enthusiasm, leading to extremely high valuations, like Intel's forward PE near 100. Meanwhile, oil prices experienced a significant drop and partial recovery following news of a potential Iran-US peace deal, highlighting an inverse relationship with S&P futures, largely driven by algorithmic trading reacting to headlines. AMD's stock saw a massive surge after earnings, though it pulled back, presenting a tricky trading situation. Other tech stocks like Micron, SanDisk, Lumentum, and A-lab also show remarkable, albeit sometimes volatile, price movements, with investors often overlooking current valuations in favor of AI prospects. Netflix is identified as a potential long swing trade opportunity around $84.50. In other markets, natural gas is showing weakness, while gold and silver are acting as risk-on assets. Bitcoin remains strong, nearing resistance levels, and the focus is shifting to potential short squeezes in beaten-down altcoins, which could see 30-50% upside.