The U.S. market hasn’t opened yet today, so all we have to look at is Friday’s chart. After reviewing it, the thing that stood out most wasn’t AMD’s 11% gain—it was Broadcom (AVGO).
Chip stocks bounced across the board: Micron rose 5.1%, TSMC 6.3%, Intel 7.7%, Qualcomm 5.5%, and the Philadelphia Semiconductor Index 4.21%. Broadcom was the one that opened at 311.13, climbed, then closed at 293.69, up just 0.74% on the day. It even plunged to 289.77 intraday, setting a new low for the year. Thursday’s 10.4% drop is still staring us in the face.
I don’t think this means confidence in the sector is back. Money is picking the hardest-hit stocks for short-term trades, while nobody wants the ones that fell less. This kind of rebound won’t stand up to a second piece of bad news. What will really set the direction is Nvidia’s earnings report on November 17. Until then, every rebound is just noise.
BTC was still hovering around 75,000 this morning. It’s now at 74,198, down 2.19%. It hasn’t followed the Philadelphia Semiconductor Index’s lead at all over the past couple of days. I’m still holding my position steady and will wait for the earnings report.
$NVDA #美股 #半导体 #Bitcoin
Chip stocks bounced across the board: Micron rose 5.1%, TSMC 6.3%, Intel 7.7%, Qualcomm 5.5%, and the Philadelphia Semiconductor Index 4.21%. Broadcom was the one that opened at 311.13, climbed, then closed at 293.69, up just 0.74% on the day. It even plunged to 289.77 intraday, setting a new low for the year. Thursday’s 10.4% drop is still staring us in the face.
I don’t think this means confidence in the sector is back. Money is picking the hardest-hit stocks for short-term trades, while nobody wants the ones that fell less. This kind of rebound won’t stand up to a second piece of bad news. What will really set the direction is Nvidia’s earnings report on November 17. Until then, every rebound is just noise.
BTC was still hovering around 75,000 this morning. It’s now at 74,198, down 2.19%. It hasn’t followed the Philadelphia Semiconductor Index’s lead at all over the past couple of days. I’m still holding my position steady and will wait for the earnings report.
$NVDA #美股 #半导体 #Bitcoin
