Semiconductor Surge: What's Next for the Chip Cycle?

SMH Vs. SMHX: Why The Next Phase Of The Semiconductor Cycle Looks Different Hey everyone, Sarah Miller here! It’s been a whirlwind in the markets lately, hasn’t it? As a financial analyst who’s spent over a decade diving deep into financial planning and market analysis, I’ve seen my fair share of economic cycles. And right now, I’m seeing something genuinely fascinating brewing in the semiconductor space, particularly when we look at the evolution from what was once “SMH” (Shake My Head) to what I’m calling the “SMHX” – the next, more advanced phase. ...

January 22, 2026 · 8 min · Sarah Miller