Stacy Rasgon: “Demand Is Off The Charts” in Semiconductors… And Set To Double Again Soon

About this episode

This episode is brought to you by Sarmaya Partners. Learn more about Sarmaya’s LENS ETF, their full data and comparison, including performance here: https://sarmayaetf.com/ Semiconductor earnings have roughly doubled this year, yet chip multiples have compressed and the stocks are still well off their June highs. Stacy Rasgon, Managing Director and Senior Analyst covering U.S. semiconductors and semicap equipment at Bernstein, joins Jack to explain what the market fears and why he thinks the cycle peak isn't here yet. Fresh off his annual Silicon Valley roadshow, Stacy says demand is "off the charts," nobody has enough compute, and the real constraints are land, power, and clean rooms…