Has it finally bottomed out!?

"Global economies haven’t been expanding as quickly as hoped, so spending has slowed. And that meant semiconductor stocks may well be starting their downward cycle.

Smaller firms were spared initially, as the big semi firms took the brunt of it. But then the sector suffered.

This year is entirely different. The S&P Semiconductor Select Industry Index has returned a whopping 43.8% year to date, more than doubling the S&P 500’s 21%."

... in the conversation for semi sector...after taking the initial brunt from the trade war.

well,the effect is the RSI hitting 70...hence overbought...similarly on 26th july when they reported frontken at overbought....expect a nice pullback before the subsequent rally again. (ref:kenanga overbought status of frontken 26th july.) It's the same pattern. Hence,with the pullback will come a new high. Technical traders just following the RSI.

in fact correct me if i'm wrong but the quarter's jump in revenue is the largest so far for any quarter. Also, it's currently at its highest net profit. Which part of that spells negativity?

well,if one was to look at the semis sector growth projection. It's expected to rise by 30% in the next 2 years. This in turn increases frontkn's market size potential. Data is all available online and various interviews on cnbc. if anything, it's actually under priced due to the trade war effect on the semis sector during the course of the year. Yet,looking at qualcomm's latest report and other semis showing a recovery. There's little reason to assume frontken wouldn't be able to rally subsequently regardless of the current earnings report.In the end, you don't buy a stock based on it's current valuation but it's future potential. A reason why share price reacts strongly towards earnings forecast more than past performance.