Semiconductor Sell-Off: What's Next for Tech Stocks?

Summary

The semiconductor market is facing significant selling pressure following the announcement of a new chip from Deepseek and disappointing earnings from Samsung. Analyst Gareth Soloway believes this signals a potential top in semiconductors, with stocks like Nvidia, Micron, and SanDisk already showing sharp declines of five to six percent or more. He anticipates a rotation into other sectors and predicts semiconductor stocks could correct as much as 75% from their highs. The S&P 500 is also trading lower, with a key trend line resistance at risk of breaking, which could lead to a sharp sell-off to 7,000. Soloway highlights that even the NASDAQ 100, while buffered by diversification, is vulnerable, especially if consumer spending pulls back due to inflation. He also discusses SpaceX's addition to the NASDAQ 100, noting the lack of strong buying pressure and predicting a significant drop to $135 per share within two weeks, and below $100 by year-end. The video offers a deep dive into technical analysis, which Soloway emphasizes as crucial for navigating market volatility and avoiding common retail investor mistakes, making the full content highly valuable for understanding these complex market dynamics.