Chris Vermeulen says AI semiconductor stock charts like the PHLX Semiconductor Index (SOX) and the VanEck Semiconductor ETF (SMH) show persistent short- and long-term bullish trends. He expects Nvidia (NVDA), AMD Inc. (AMD), Broadcom (AVGO) and other large cap chipmakers to lead the rally and doesn't expect a broad rise across the S&P 500 (SPX). Chris adds that the stock market is currently experiencing a "cycle low" that he sees adding momentum to a violent rally. There's also potential for a steeper break down should technical support shatter.
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