Reported about 1 year ago
Yan-Hong Huang, provided by Yuanta Futures, summarized on June 10, 2024, that the COMPUTEX in 2024 focused on AI, attracting top figures in the industry such as NVIDIA founder Jensen Huang, AMD CEO Lisa Su, Intel CEO Pat Gelsinger, and GlobalFoundries CEO Tom Caulfield. The global market is witnessing a wave of AI demand, benefiting the semiconductor industry. The Semiconductor 30 Index Futures are heavily linked with the AI industry, with TSMC and MediaTek having a combined weight of 50%. With strong AI demand pushing stock prices to historic highs and TSMC hinting at raising chip prices, profit estimates are positive. Taiwan Futures Exchange's Semiconductor 30 Futures offer low entry barriers, high flexibility, and leverage, making it attractive for traders and hedgers. Technically, the futures showed bullish alignment with strong support, indicating further upside potential. However, futures trading involves high leverage and risks; investors are advised to set stop-loss mechanisms for risk control. Also, next year's Q4 will see UMC's Longtan fab officially start, GlobalWafers doubling production capacity, and Longi's roaring demand in 2022.
Source: YAHOO