Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley

The semiconductor sector is facing a potential 15% drop in support levels, according to Morgan Stanley's chief stock-market strategist. Despite maintaining an optimistic outlook for the S&P 500 to reach 8,000 by year-end, he's expressing increased caution regarding semiconductor stocks. This shift reflects broader concerns about the sector's future performance amid changing market dynamics and demand fluctuations. This development could impact investors heavily invested in semiconductor companies and underscores the need for diversification in tech-heavy portfolios.