(Photo) Honestly, the semiconductor chart doesn't make sense right now..

Just what kind of P/E ratio do you think makes sense? Seriously... Are you just throwing things like net profit growth to the dogs? A post not even worth talking about at length.

Does "making sense" just mean that you like the look of the chart, OP? Hahaha. You sound just like the people who believed it made sense for the sky to revolve around the Earth.

Writing that is practically at the level of pollution.

You're still learning how to read charts, aren't you?
Looking at the long-term monthly chart, an upward parallel channel making higher lows is clearly visible, so I'm saying this because you're blindly shouting about a 30% crash without even drawing a single channel line.
Even if you break it down into daily charts, the standard practice is to establish response criteria while checking long-term trend lines or key moving average support levels; pulling up a monthly chart and stoking fear with simple drop figures relative to the peak is completely meaningless.

What can you even explain with that chart? Check the holdings; those stocks would have to be cut in half for the 30% drop the OP wants to happen.

Times have changed, you know. Are you really living without feeling any difference at all in the many areas AI has taken over???

An almost revolutionary, industry-wide restructuring is taking place. It's only natural that it can't be explained by existing charts.