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Lou Basenese, industry influencer, highlights a shift in the semiconductor sector, suggesting that analog chip stocks could propel the next phase of market gains.
Basenese points to companies such as NXPI, ON, and STM as key names on his watch list, indicating a potential change in leadership within tech stocks as artificial intelligence and semiconductor shares have already surged.
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Basenese’s comments follow recent market observations noted by Phil Rosen. Rosen highlighted that only 28 percent of S&P 500 stocks are trading above their 50-day average, signaling weaker momentum. He also reported that the S&P 500 has historically averaged a 9.5% return six months after the VIX spikes to 31.