Semiconductor Equipment & Process Materials

Own the suppliers that enable chip fabrication, process control and production testing rather than betting on a particular chip designer. Equipment shares have pulled back sharply, with AMAT down 18.7%, LRCX down 23.4% and KLAC down 18.8% over the past month. Upcoming equipment earnings offer a checkpoint on whether customer investment supports a recovery; export restrictions and weaker fabrication spending remain the principal risks. Launch basket (equal weight): AMAT, LRCX, KLAC, ASML, TER, ENTG, ONTO, FORM Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.