As of November 29, 2024, the semiconductor sector, represented by the $SMH ETF, is experiencing notable market movements. The $SMH has shown a strong performance, rising 2.1% to 2.5% during the trading session. This uptick comes as the $SMH tests its 200-day simple moving average (SMA) for only the fourth time since January 2023, indicating a potential buying opportunity for investors. Analysts have noted that the $SMH's current position is significant, as it is 5% below its 200-day moving average, marking the lowest level since early January 2023. Furthermore, the $SOXX index, which tracks semiconductor stocks, is up only 9% year-to-date, underperforming the S&P 500 by 14% and the Nasdaq by 13%. Comparatively, the $SOXX is 19% below its all-time high reached on July 10, 2024, and only 8% above the mini-panic low observed in August 2024.