PRUDENT INVESTORS WATCH THIS LEADING SECTOR FOR AI DRIVEN MARKET DIRECTION
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
AI Driven Leading Sector
Please click here for a chart of semiconductor ETF SMH.
Note the following:
- The chart shows that year to date SMH is up 45%.
- The chart shows that semiconductors took another leg up after Nvidia’s (NVDA) blowout earnings due to demand for Nvidia GPUs driven by ChatGPT.
- The chart shows that volume was high when semiconductors took this leg up. This indicates conviction.
- Semiconductors have become the blood of the new economy. In the first stage of the AI infrastructure build up, semiconductors are the early beneficiaries.
June 9, 2023