Cathie Wood: Semiconductor Stocks Face Correction as Supply Chain Woes Ease
• Cathie Wood says semiconductor stocks may see a correction as supply chain improves • Lead times for GPUs and Nvidia products in particular are dropping from 8-11 months to 3-4 months • Suggests there was over-ordering amid "shortage" talk, inventories will need to be worked through • Semiconductor stocks among top performers this year, Nvidia up 80% after 240% gain in 2023 • Wood sold out of most of her Nvidia position before recent rally