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Honestly, when I see prices like these, my first reaction isn't excitement; it's to calm down and think it through. You need to know what these stocks used to trade at, what they trade at now, and how far they've fallen in between. SanDisk has indeed more than halved from its peak, and Micron has slid all the way down from over $1,000. Intel is even worse—Intel at $50 is something you never would have imagined before. But there's a reason things are cheap; the market isn't stupid, and there's definitely logic behind a drop this steep.
Can you buy now? My view is: don't go all in at once. Building a position in batches sounds simple, but putting it into practice tests your discipline. For example, if you plan to spend $100,000 bottom-fishing, don't put $50,000 in right away. Start with $10,000 or $20,000 to test the waters; add more if it falls, and don't chase if it rises. The semiconductor sector is inherently volatile—daily moves of 3% to 5% are practically routine—so you need to keep enough powder dry.
Also, don't just focus on these three; the other names among the Magnificent Seven that have fallen are worth a look too. The key is to understand the rationale behind your purchase: are you betting on a short-term rebound or looking at long-term fundamentals? If it's the latter, buy gradually in batches; the harder they fall, the more you can pick up—that's the sensible approach. Don't expect to buy at the absolute bottom; that's something only the gods can do.
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