Lead idea
Short semis as the AI bubble bursts
The bear case argued is that the semiconductor sector is in a bursting bubble, with broken charts and a liquidation cascade underway from overextended positions. Tony Greer made the case on Forward Guidance’s “Long Gold And Short Semis Into Year-End?”, aired 6 November 2026. The evidence cited was the broken technical pattern after a year-long consolidation, news of portfolio liquidations, and the unraveling of the AI IPO frenzy, suggesting the trade is just getting started.