Nvidia's record Q2 FY2027 results ($44.1B, +122% YoY) confirm the AI supercycle. How to calibrate semiconductor exposure in a balanced portfolio without sacrificing valuation discipline.
July's correction reveals a two-speed semiconductor sector. Micron -13%, Intel -9%, AMD -7%: after +71% in Q2, markets are brutally selecting structural AI leaders from cyclical players. TSMC reports July 16 — a decisive test of real demand.
