Semiconductor index stands over 60 percent above moving average, Puru Saxena notes

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02.06.2026

Semiconductor index stands over 60 percent above moving average, Puru Saxena notes — Semiconductors over-extended above average

Puru Saxena, investment commentator and ex-fund manager at FinTwit, states that semiconductors are currently very over-extended, with the SOX index more than 60 percent above its 40-week moving average—outpacing levels seen in previous bubbles.

Saxena adds that gains are being locked in, as the risk and reward for the coming months is not favorable.

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Saxena previously cautioned that the stock market could face increased volatility after a stretch of gains, noting potential turbulence in the coming months in a recent warning. He has also emphasized the importance of patience and maintaining a disciplined approach during periods of drawdown, which he views as essential for long-term growth, according to a prior commentary.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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