I've been checking the semi conductor space. What semi companies aren't overvalued with a decent P/E ratio right now? Was thinking to just take an ETF like SMH[1], but wondering if there were a better choice. TSMC, Applied Materials, ASML, Nvidia, etc... had crazy run and I'm wondering if they can keep growing that much in the next years.

[1] https://www.vaneck.com/etf/equity/smh/holdings/

Intel is still rather undervalued. PE of 11, huge amounts of cashflow, one big chip win and they're back.

Intel just lost all engines in-flight. They're still flying, yes, but gravity will do its thing.

We keep reading this but Intel is not just CPUs... and the CPU are currentky not the best but not that bad either.

Intel is still capacity constrained, no less. I'm not saying they make the best CPUs, my last purchase was an AMD Ryzen, but this idea that their demand will fall of the face of the earth assumes that other fabs have the capacity to pick up the slack which is verifiably untrue. Merely due to their existance they'll have time to turn it around.

Disclamer: long intel, a few thousand shares at $47. not enough to need to pump the stock.

Yeah, Intel needs some major direction changes before I'll be comfortable investing in them.

The proximity of 'lost all engines in flight' and 'major direction changes' in this thread suggests that even if those major direction changes materialize it may not be good news.

In this case the markets seem to have priced in a low probability of Intel getting that big win.

P/E isn't everything. People know those earnings are going to tank very soon.

>I'm sure a ton of folks who just invest in everything semiconductor would just jump in.

I'm sure a ton of folks would just jump in because everyone would be jumping in.