Research, Technical

Lowry Special Report: Semiconductors Now vs. 2000

Michael Kahn, CMT, Senior Market Analyst

Summary

August 24, 2026 - The SOX gained 310% from its April 2025 low to its June 22 peak, and the cries of “bubble” got loud. In this Lowry Special Report, Michael Kahn, CMT, goes past the headlines and compares today’s semiconductor chart with the 2000 Technology Bubble, pattern by pattern.

Inside, you’ll find:

  • A side-by-side breakdown of the 2000 and 2026 rallies: the gains, the trading days, and the volatile triangle that formed after each peak
  • The technical signals that confirmed the 2000 bear market, and a projected timeline for when they could appear this time
  • Lowry Power Rating analysis that shows a key difference between then and now
  • CFRA’s fundamental view on why today’s AI leaders aren’t the dot-coms of 2000
  • What to watch: the hyperscaler and memory-pricing signals that could change the story

History may not repeat, but it does rhyme. Download the full report now to see exactly where the rhyme leads.