The Advantest selloff really underscores how testing equipment makers are downstream from both chip demand and investor sentiment. When money rotats out of AI plays, companies like Advantest face a double hit. The fact that semiconductor testing trades at 28x earnings shows the entire supply chain got overextended.
The Advantest selloff really underscores how testing equipment makers are downstream from both chip demand and investor sentiment. When money rotats out of AI plays, companies like Advantest face a double hit. The fact that semiconductor testing trades at 28x earnings shows the entire supply chain got overextended.
I guess it makes multiple levels more vulnerable to one set of sentiment change and allows it to ripple through the system