Semi revenue growth near peak

which implies stock momentum is also peaking

Semi revenue from SIA

Every month SIA (Semi Industry Association) and WSTS (World Semiconductor Trade Statistics) publish global semi revenues. Chart below, reported up to May 2024.

We’re at 20% YoY growth and the growth momentum is slowing or plateauing. Since the bottom of Semi revenues was in 1Q23 at -20% YoY, I think we can reasonably conclude that we…