The chip stocks to buy and fade after the biggest semiconductor rally on record

SOXX just printed an 18-day winning streak, the longest on record, and gained 49.0 percent in the process.1 But 6 of the top 10 holdings now trade above their median sell-side price target across multiple consensus aggregators, 5 carry an RSI above 80, and the basket sits at roughly 43 times forward earnings against a 22 times tape.