AI and semiconductors are 'eating up the market' - BTIG

seekingalpha02-26

The artificial intelligence boom is "eating up the market," according to BTIG, as the semiconductor and equipment index is now higher by 28% in 2024 and markets haven’t even ended the second month of ...

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BTIG\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4071552-ai-and-semiconductors-are-eating-up-the-market-btig><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The artificial intelligence boom is \"eating up the market,\" according to BTIG, as the semiconductor and equipment index is now higher by 28% in 2024 and markets haven’t even ended the second month of ...</p>\n\n<a href=\"https://seekingalpha.com/news/4071552-ai-and-semiconductors-are-eating-up-the-market-btig\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4551","symbol_name":"寇图资本持仓","start_time":0,"source_url":"https://seekingalpha.com/news/4071552-ai-and-semiconductors-are-eating-up-the-market-btig","article_id":"2414330848","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1728442297/image_1728442297.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2414330848","pubTimestamp":1708956952,"sourceInfo":{"source_id":"seekingalpha_hot_news","name":"SeekingAlpha"},"weMediaInfo":null,"summary":"The artificial intelligence boom is \"eating up the market,\" according to BTIG, as the semiconductor and equipment index is now higher by 28% in 2024 and markets haven’t even ended the second month of ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4551":"寇图资本持仓","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","BK4581":"高盛持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0444971666.USD":"天利全球科技基金","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","SOXS":"三倍做空半导体ETF-Direxion Daily","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - 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The investment institution went on to say that the rally in the sector follows 2023’s 97% gain. If the year were to end today, then the 125% two-year performance would rank second in history behind 1999, which saw a two-year return of +131%, BTIG highlighted. “The index is now 42% above its 200 DMA, which is the second highest reading in the last two decades with the highest being last June. It doesn’t mean it’s a top, but the trend is certainly stretched,” BTIG stated in an investor note.  Moreover, outlined below are the year-to-date price action for some of Wall Street’s more popular semiconductor focused exchange traded funds.  Direxion Daily Semiconductor Bull 3x Shares (NYSEARCA:SOXL) +27.9%. VanEck Semiconductor ETF (NASDAQ:SMH) +19.3%. iShares Semiconductor ETF (NASDAQ:SOXX) +6.3%. Invesco Semiconductors ETF (NYSEARCA:PSI) +3.9%. SPDR S&P Semiconductor ETF (XSD) -2.9%. Direxion Daily Semiconductor Bear 3X Shares ETF (SOXS) -29.7%.    More on AI and Semiconductors  Semiconductor ETFs take off after NVDA's strong earnings report Semiconductor industry should see notable growth thanks to AI - VanEck SMH: Benefitting From Specialized AI Chips Demand, But Is Also At Risk  Wedbush sees 1995 moment for tech as AI revolution dawns. AI Is No Bubble, But Nvidia Might Be","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2414330848"}