WS #16399
Texas Instruments received an upgrade citing cyclical industrial recovery and data center growth, but institutional traders are positioning for a significant correction in the semiconductor sector. Heavy buying of SMH puts suggests a 4.3% drawdown is anticipated by Wednesday's FOMC decision. This divergence highlights underlying fragility in the tech rally despite strong individual fundamentals.
Tech Sector Divergence
Texas Instruments received an upgrade citing cyclical industrial recovery and data center growth, but institutional traders are positioning for a significant correction in the semiconductor sector. Heavy buying of SMH puts suggests a 4.3% drawdown is anticipated by Wednesday's FOMC decision. This divergence highlights underlying fragility in the tech rally despite strong individual fundamentals.