$NVIDIA (NVDA.US)$ was last night a dead cat bounce?

Semiconductor stocks suffered a brutal sell-off on Wednesday, with the $PHLX Semiconductor Index (.SOX.US)$ dropping nearly 7%, marking its worst performance since 2020. $ASML Holding (ASML.US)$ plunged more than 12%, while $Applied Materials (AMAT.US)$, $Advanced Micro Devices (AMD.US)$, $Marvell Technology (MRVL.US)$, and $Lam Research (LRCX.US)$ all fell more than 10%, and $NVIDIA (NVDA.US)$ dropped 6.6%.
What Happened?
The sharp decline in the semico...

Looking back at the first half of this year, the Australian stock market performed well, with the ASX index repeatedly reaching historic highs.
Overall, $S&P/ASX 200 (.XJO.AU)$booked a 2.3% gain over the the first half of 2024, which rose from 7,590.8 points on 1 Jan 2024 to 7,767.5 points on 28 June 2024. The ASX 200 was volatile after reaching a record of 7,910.5 points on 2 April. Hope for potential rate cuts faded over the next three months ...