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home / news releases / XLNX - SMH: Semiconductors Could Be Next Buying Frenzy Amid 'Supply Squeeze'

XLNX - SMH: Semiconductors Could Be Next Buying Frenzy Amid 'Supply Squeeze'

Xilinx Inc.
  • VanEck Vectors Semiconductor ETF (SMH) soared to yet another record high amid a global supply shortage in semiconductors.
  • Robust earnings growth, which is expected to accelerate on ever-rising demand, has justified the remarkable bull run in SMH.
  • Technically, SMH has closed above its 50-week Bollinger Band for 15 straight weeks, which signals historically overbought conditions.
  • SMH could be the next target of a retail buying frenzy based on the recent surge in search interest in semiconductors.
  • Strong fundamentals and buying pressure suggest melt-up in SMH has more room to go.

For further details see:

SMH: Semiconductors Could Be Next Buying Frenzy Amid 'Supply Squeeze'
Stock Information
Company Name: Xilinx Inc.
Stock Symbol: XLNX
Market: NASDAQ
Website: xilinx.com
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