S&P 500 weekly gains for six consecutive weeks, semiconductor stocks' overbought index reaching internet bubble peak

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ME News Report, May 10 (UTC+8), according to Barchart data, the S&P 500 index has risen for six consecutive weeks, the longest upward cycle since 2024. Meanwhile, the weekly chart of the SOX semiconductor index reveals that its RSI(14) overbought index has reached 85.54, the highest since the dot-com bubble in 2000, warning of excessive buying in the semiconductor sector. However, analysis indicates that this rise in semiconductor stocks is based on genuine demand from AI and data centers and corporate cash flow, distinguishing it from the speculative surge during the internet bubble era. (Source: MLion)

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