A strong move in semiconductor stocks in recent weeks has many asking the question: How much more does the sector have left in the tank?
It’s a legitimate question after a strong rally since the June 30 follow-through day, when the S&P 500 confirmed a new rally on the third day of its rally attempt.
IBD’s fabless chip design group, for example, has rallied just over 20% since the June 30 follow-through, easily topping a 7% gain for the Nasdaq composite over the same time frame.