On Friday, Dan Nathan discussed the semiconductor stocks and has some concerns. SMH, the Semiconductor ETF is down about 8% from its all-time high. Some of the constituents are down in bear market territory. Applied Materials is down 20%, Broadcom is down 17%, AMD is down 17% and Micron is down 16%. Dan is concerned about investor's reaction to AMAT's recent earnings call. Sales were up 29% year over year but they guided revenues down 2% going forward. Investors ignored the good news and sold the bad news taking the share price down 8% or so.
