Semis, Rails & Robots

Not all semiconductor manufacturers are faring as well as the stats of the S&P 500 Semiconductors industry suggest, Jackie tells us. Many are experiencing a punishing inventory correction, particularly those that sell semis used in cars, PCs, cell phones, and industrial products. The good news is that inventories should be back to normal in a few more quarters, and share prices soon should reflect that. … Also: After a tough 2023, the railroad industry should return to growth this year; several growth engines are expected to help CSX gather steam. … In our Disruptive Technologies segment, a look at China’s robotic ambitions and the concern they’re raising on Capitol Hill.