These couple of weeks are probably among the worst trading weeks for the technology industry, with semiconductor heavyweight $Intel(INTC)$ among the major casualty after its stock price plunged as the chip maker suspended its dividend payout in the fourth quarter and announced massive 15% cut of its workforce as part of its turnaround strategy for its loss-making manufacturing business.
Its semiconductor manufacturing peer $Taiwan Semiconductor Manufacturing(TSM)$ had fallen in sympathy, while other technology stocks such as $Amazon.com(AMZN)$ and $Alphabet(GOOG)$ were similarly weighed by their disappointing earnings results, with $Meta Platforms, Inc.(META)$ being an exception after posting overwhelming results.
A common theme among these stocks is their conviction in artificial intelligence driving new technology growth and their heavy investments in AI to enable its growing demands. I share the same optimism and believe that with the growing prevalence of AI applications in the industrial and commercial sectors to improve productivity and in enriching our daily lives, their investments in AI may slowly but surely bear fruits. Hence, i would take advantage of their short-term price weaknesses to accumulate for long-term growth.
@MillionaireTiger @TigerStars @TigerWire @VideoLounge @CaptainTiger @TigerEvents
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments