Semis bubble? Software cheap? Why BofA's Subramanian disagrees

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Market Vectors Semiconductor ETF (NASDAQ: SMH) Delayed: 523.35 -33.35 (5.99%)
Previous Close $556.70    52 Week High $70.21 
Open $536.85    52 Week Low $45.03 
Day High $540.86    P/E N/A 
Day Low $520.53    EPS $0.00 
Volume 14,947,025       

iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ: SOXX) Delayed: 475.69 -34.67 (6.79%)
Previous Close $510.36    52 Week High $114.21 
Open $489.73    52 Week Low $74.84 
Day High $494.00    P/E N/A 
Day Low $472.21    EPS $0.00 
Volume 14,742,142