Semiconductors: How Has the Selloff Affected Tech?

The video discusses recent trends in the semiconductor market, highlighting a 14% rise in the Philadelphia Semiconductor Index over the past month. It addresses Microchip's profit warning and its impact on the market, suggesting a focus on larger, diversified semiconductor companies like Intel and Qualcomm. The video also explores potential industry corrections due to seasonality and demand miscalculations, noting the influence of European market weakness.

What is the significance of focusing on later cycle areas like software and services?

How does seasonality affect the semiconductor market according to the discussion?