Wire · operational-macro
Why Richard Ross is buying semiconductors after the AI pullback
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Fusion42 · 26 September 2026 · Fusion42 review
Richard Ross, a technical analyst at Evercore ISI, views the recent pullback in semiconductor stocks as a buying opportunity tied to the AI buildout, particularly favoring companies involved in semiconductor equipment, memory, and storage rather than broad AI bets. He cautions that his bullish outlook depends on the 10-year Treasury yield remaining near 5%, as rising rates could challenge the sector's momentum.
This Wire brief sits within Fusion42's coverage of Semiconductors.
◆ ◆ The Wire takeaway
You need to act on semiconductor hardware as AI demand grows despite recent price drops since key players like Lam Research and Micron are rebounding from long-term trend lines. Watch the 10-year Treasury yield because a rise above 5% threatens your tech market gains and timing for entry.
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1 source · 26 Sep 2026
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