Reported 8 months ago
On June 24, 2024, the major indexes of the US stock market continued to reach new highs with foreign investment banks raising their target prices for the S&P500 index. Large technology stocks have been driving the market higher, especially with the improving economy and the growth of AI-related industries increasing investor risk appetite. It is recommended to regularly invest in American technology funds as the market trend is expected to continue, with a focus on new technological applications. Various tech funds managers also shared insights on the AI and cloud computing sectors, emphasizing the importance of memory technologies like HBM for GPUs and ASICs. The tech industry is experiencing rapid growth as reflected in the performance of indices like the Philadelphia Semiconductor Index. Despite the tech sector's stock prices hitting new highs, company earnings do not indicate overheating. Projections show a significant increase in profit rates for the BIG7 companies, suggesting continued growth potential and a positive impact on the US economy and stock market. Various fund managers provided investment recommendations and discussed industry trends and opportunities, such as NVIDIA's product roadmap and the potential in AI server and data center infrastructure growth.
Source: YAHOO