Reported 9 months ago
Provided by KGI Futures, Huang Yanhong summarized on June 26, 2024, at 4:10 PM regarding the impact of NVIDIA's recent weakness on Semiconductor 30 Futures. The weekly trend of Semiconductor 30 Futures is turning downward, with a possible cross with the 10-day moving average, potentially leading to a shift from upward to flat movement. Short-term focus is on the 10-day moving average battle, where a stable position above it could result in slight bullish strategies. Looking at strong industrial production growth in Taiwan, particularly in semiconductors, and forecasts for continued demand growth due to advancements in AI, IoT, and 5G technologies. Market analysts predict a significant increase in semiconductor production capacity in 2024 and 2025, driven by rising demand in various sectors like automotive, data centers, and HPC.
Source: YAHOO