In 2023, investors' optimistic expectations for the development of artificial intelligence (AI), expectations of interest rate cuts by the Federal Reserve, and the return of high-tech stocks to the throne led the US stock market. Until December 18, “information technology” and “general consumer goods” were at the top of the US stock sector growth rate this year, rising over 70% and 47%, respectively.
This year, high-tech stocks are driving the US stock market. Due to the AI boom, super micro computers, which accelerate with server products for AI, etc., have surged nearly 300% since the beginning of the year, NVIDIA, a major semiconductor company, has also risen over 240% year to date, and IT giant Meta, data analysis partner, etc. have also risen 170% or more since the beginning of the year.
The recovery of semiconductor-related stocks is remarkable in the US stock market this year. “Semiconductors” are shining at the top. Until December 18, the SOX Index (Philadelphia Semiconductor Stock Index) rose 62% year to date and recorded a record high. It greatly surpasses the three major US indices.
Source: Nihon Keizai Shimbun, Moomoo
-MooMoo News Zoe