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Semiconductors become the world's "most crowded trade," reaching a record high in surveys

Semiconductors become the world's "most crowded trade," reaching a record high in surveys

汇通财经汇通财经2026/06/16 11:59
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(1) The latest global fund manager survey by Bank of America shows that the vast majority of investors believe that going long on global semiconductor stocks is currently the most crowded trade in the market—up to four-fifths of fund managers hold this view, setting a record high for this survey. (2) The so-called "crowded trade" refers to a situation where a large number of investors hold similar positions. Once the market turns, these investors may sell off simultaneously, significantly increasing the risk of a sharp correction in asset prices. (3) So far this year, an index measuring the semiconductor sector has more than doubled, and in the past three trading days alone, it has climbed nearly 15% further, highlighting the sector’s current extreme popularity and potential vulnerability.
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