Semiconductors have been an industry that has been hit hard amid logistical issues, a cryptocurrency bear market and supply crunches. However, they are among the assets with the most potential for the future.

Yesterday, the NASDAQ 100(QQQ), an index that contains an average of the 100 most important technology companies, rebounded more than 2% in its price and exceeded 11,300 points. With continued declines in recent weeks, this slight uptick gives investors hope and many analysts believe it may be a good time to start buying equities.

According to Javier Romero, a well-known technical analyst, after the latest inflation figure, there was a sharp fall towards the base of a short-term temporary channel, at which point the asset recovered and is currently close to breaking. even the upper part of the same channel.

However, the index remains within the long-term bearish channel, so the trend is down, but the rebound we are seeing has significant volume and could target 12,000 points. In addition, business results, which the market expected to be worse, for now are surprising in a positive way and boosting the market, as happened in the summer with those of the second quarter.

Today, Netflix has surprised the market with its third quarter results. The streaming company has released its balance sheet figures for 2022 and, in them, has reported that it has added 2,410,000 million new subscribers, a figure that has exceeded what was expected by the consensus, 1,090,000 million. In the next quarter, the entity intends to add 4,500,000 affiliates. After the publication of the earnings report, Netflix shoots up more than 12% in the 'premarket' of Wall Street.

Pelea por los chips

The "Chip War" or semiconductor war has begun. The President of the United States, Joe Biden, acknowledges that he does not like the fact that China is becoming a power in the manufacture of supercomputers and military technology due to the use of these semiconductors, for which reason last week he announced that he will sanction all US companies and individuals selling US-made microchips or components to China.

Taiwan, through the Taiwan Semiconductor Manufacturing Company (TSMC), has 54% of the market share in terms of the production of advanced chips or also called computational artificial intelligence chips that would cost the United States around 3.2 points of your GDP if you lose access to them for a year.

Given this situation, it cannot be denied that semiconductors will play a very important role in the economies of the future and countries are willing to invest large sums in this industry. Nvidia could be one of the companies favored by the Biden government and its investments.

Companies to watch

The market is aware of Tesla, which today publishes figures and that, according to analysts, could go towards $250 if the market looks favorably on the published numbers.

Another value to look at would be NVIDIA, which is very punished, with the rebound of recent days it has barely recovered ground compared to all the drop it has accumulated and, if we expect the Nasdaq 100 to recover, Nvidia is a good active to watch.

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The images used in this post were extracted from google images.
Post created and narrated by me.
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