The author expresses caution regarding recent pullbacks in semiconductor stocks, noting that names like AMD, NVDA, AMKR, MRVL, ARM, CLS, and AVGO remain significantly up year-to-date despite recent dips. Specific price levels mentioned include AMD moving from $350 to $320 and NVDA from $217 to $210, with the author suggesting these may not be major buying opportunities given their prior massive runs. The sentiment is to remain patient rather than "greedy," as these overbought assets are experiencing expected pullbacks following strong performance.