Todd Gordon joins JC Parets and Steve Strazza on The Morning Show to talk through what may be a critical moment for semiconductors.
The VanEck Semiconductor ETF has staged a powerful rally off the 2020 lows, now approaching a level where the next move could carry real implications for the broader tech trade. Todd walks through the structure behind that move, and why the current setup doesn’t quite behave the way a mature trend typically would.
From there, the conversation shifts into what’s actually driving the space – looking at the kind of earnings growth and valuation dynamics showing up in names like NVIDIA and SanDisk, and why that continues to attract capital.
Watch the full interview for the complete breakdown and how Todd is thinking about this market right now.