The Semis Squeeze Is Going Parabolic… And Getting Dangerous

The semis squeeze has gone into overdrive

Flows, positioning, and a powerful AI capex narrative have all aligned to push SOX into a historic run, with momentum feeding on itself as investors chase high-beta tech. The move has been relentless, but under the surface it’s getting crowded fast.

This is what late-stage squeezes look like… strong, crowded, and vulnerable to a pause.