---
title: "BofA warns semiconductor rally exceeds dot-com bubble metrics"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286590710.md"
description: "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."
datetime: "2026-05-15T15:55:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286590710.md)
  - [en](https://longbridge.com/en/news/286590710.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286590710.md)
---

# BofA warns semiconductor rally exceeds dot-com bubble metrics

Historic overextension: BofA says the semiconductor index is now 62% above its 200-day moving average, exceeding dot-com bubble levels. Timing the peak: Michael Hartnett sees potential for a final bullish push into early June before investors take profits. Market leadership debate: The rally's narrow breadth raises concerns about sustainability, echoing late 1990s market patterns.

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