"Tech bubble" does not exist? A taiwan fund inc continues to bet on AI semiconductors, with performance surpassing 98% of its peers.

Despite skepticism about the overvaluation of the technology industry in the market, a Chinese and Taiwanese technology fund remains bullish about the continued driving force of AI on the semiconductor industry.

Zhitong Finance19:39 ET

After the technology stock's $900 billion collapse, the US stock market will face a critical week!

Are you still bullish in the long term?

Gelonghui FinanceJul 20 21:45 ET

HTSC: ASML's new Q2 order volume has greatly increased, bullish on the recovery of global semiconductor equipment industry.

HTSC stated that ASML, the leading semiconductor equipment company in the Netherlands, has exceeded expectations in Q2, and is bullish about the recovery of the global semiconductor equipment industry.

Zhitong FinanceJul 20 19:41 ET

US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcnJul 19 21:32 ET

Overnight news: White House raises its 2024 US economic growth and inflation forecasts. CrowdStrike causes the largest IT failure in history. Duff & Phelps says that Biden's withdrawal from the race is unfavorable to the US dollar.

For more global financial information, please visit the 7x24-hour real-time financial news market closing: The Dow fell 370 points, and the S&P index recorded its largest weekly decline in three months. The top 20 US stock transactions on July 19: CrowdStrike caused the largest IT system failure in history. WTI crude oil fell 3.3%, and investors focused on the Gaza ceasefire hopes. Popular Chinese concept stocks rose and fell on Friday, and New Oriental rose 3.2% while Taiwan Semiconductor fell 3.6%. European stocks collectively fell: German Dax30 index fell 1.09%. The White House's macroeconomic outlook for 2024 raises US economic growth and inflation forecasts, calling for the passing of the torch.

環球市場播報Jul 19 18:25 ET

Express News | Shares of Semiconductor Stocks Are Trading Lower as the Sector Pulls Back Following This Year's Strength, Which Has Been Driven by AI Momentum

BenzingaJul 19 13:49 ET