Can Semiconductor Stocks Withstand an Oil Shock?
Semiconductors have led stocks higher since the AI rally began, but they may face new risks as oil prices jump.
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Cisco Systems has climbed as AI investment helps power growth, and some traders may think the move will continue.
The first pattern on today’s chart is the February 13 peak of $66.50. It was the highest level since September 2000, when the dotcom bubble was deflating. The networking giant come within $0.14 of that level on June 9 and remains in …
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Cisco Systems (CSCO), daily chart, with selected patterns and indicators, courtesy of TradingView.