“You’re looking at the continuation of cloud computing, the ‘Internet of things,’ auto computing, all of those things are going to continue to build demand and I think that’s really what’s been priced into these stocks. So while this is a short-term disruption, I would actually say maybe go for a better-priced growth,” said Gina Sanchez, CEO of Chantico Global, in an interview with CNBC.

Technically speaking, SMH and SOXX have seen some recent losses, but nothing of the alarming variety and the ETFs’ charts currently do augur significant near-term downside.

Aggressive traders looking to play a June slump in semiconductor stocks can consider the Direxion Daily Semiconductors Bear 3x Shares (NYSEArca: SOXS). SOXS attempts to deliver triple the daily inverse returns of the PHLX Semiconductor Index.

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