BofA warns semiconductor rally exceeds dot-com bubble metrics

MSN
2026.05.15 15:55
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BofA warns that the semiconductor index is 62% above its 200-day moving average, surpassing dot-com bubble metrics. Analyst Michael Hartnett suggests a potential final bullish push into early June before profit-taking occurs. Concerns about the rally's narrow breadth echo patterns from the late 1990s, raising questions about its sustainability.