Semiconductor sector continues to face pressure! Wall Street tech veteran Dan Ives stands firm against the tide: sell-off is a market reaction that is "far overdone," demand gap remains huge.

Zhito Finance APP has learned that the global artificial intelligence (AI) trade is undergoing a stress test due to concerns over excessive valuations, rising interest rates, and intensifying competition, with the semiconductor sector facing particularly strong doubts. However, veteran Wall Street technology analyst Dan Ives believes that this round of selling in semiconductor stocks is "a massive market overreaction."