Reported 8 months ago
Compiled by Huang Yanhong from South China Futures Advisory Department on June 19, 2024, at 4:10 PM. The semiconductor industry is predicted to enter a golden age in the next decade, especially with the expansion of automotive electronics and big data solutions, further driving innovation and growth in semiconductor technology. Utilizing Taiwan Futures Exchange's Semiconductor 30 Futures (SOF) provides trading opportunities with high volatility, strategic trading operations, and risk management tools for traders in the industry sector. With rapid advancements in AI and other digital technologies, the semiconductor industry showcases significant growth potential, with global semiconductor output expected to increase by 16% in 2024, and memory and logic semiconductor output projected to continue growing at a rate of 12.5% until 2025. Recent developments like Apple's AI system phone launch and Nvidia's stock split have maintained strong performance, with Nvidia surpassing Microsoft's market value and becoming the world's largest company by market capitalization, driving the Nasdaq Index to new highs. Analyzing the Nasdaq Index from a technical perspective, the index experienced oscillation and consolidation near the monthly line by the end of May, but after about a week of digesting selling pressure, it rebounded, crossed various moving averages, continued upwards along the 5-day moving average, frequently hitting new highs. Hence, the 5-day moving average can be seen as a support level, and as long as the index doesn't break below this support, there is a chance for continuous upward movement. In addition, FarEasTone establishing a 5G Metaverse accelerator, MassKo Biomedical receiving investment cooperation from Japanese companies, and the introduction of AR HUD for electric vehicles are covered, showing innovation and collaboration in various industry sectors.
Source: YAHOO