Falling Knives in tech: Chipmakers, etc

Investing Strategies Falling Knives
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The chipmakers like Intel (INTC), Advanced Micro Devices (AMD) & Qualcomm (QCOM), ARM have been slammed hard. Intel’s affiliate, Mobileye (MBLY) has taken an even harder hit recently. Other related tech names have also followed suit e.g. Coherent (COHR), and today’s reporter, Camtek (CAMT).

Camtek was on my watchlist since mid-Jan 2024 (around $70-ish). It had a great run the first seven months of 2024, peaking in early July @ $140-ish. The shares pulled back from there to the $100 level, prior to earnings today. Top and bottom lines were good, yet shares ended down over 12% today. On a P/S basis, over 12, CAMT is expensive. Still on my watchlist. But may initiate a starter position a little lower.

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Someone had an insightful CAMT post on SeekingAlpha last month (right before it peaked). The author got out while the momentum was still driving the shares higher. His hypothesis appears valid now

https://seekingalpha.com/article/4702427-camtek-too-much-of-momentum-run

I noted their P/S ratio in the OP yesterday. But, their cash position is > annualized sales. That should count for something.

Still falling today, . still waiting

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Factoring in AI big dog Nvidia (NVDA) having subsequently reported, CAMT below $80 became appealing - my first nibble in CAMT on 09/12

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