December 2, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

AI Progress

Please click here for a chart of semiconductor ETF (SMH).

Note the following:

• The Biden Administration is putting more restrictions on the export of chips and chip manufacturing equipment to China to further slow artificial intelligence development in China.  A special target of the new restrictions is high bandwidth memory used in artificial intelligence.  
• The chart shows that semiconductor ETF SMH is at the top band of the support zone.  
• For most of this bull market, semiconductors have been the leading sector.