Nasdaq Semiconductor Related Updates

Market Performance and Trends

• The semiconductor sector has seen significant activity and growth, driven by advancements in technology such as artificial intelligence (AI) and the Internet of Things (IoT). As of recent market data, the sector has shown positive movements, with the Semiconductor Stocks watchlist on Yahoo Finance indicating a +3.29% change for the day.
• The Nasdaq US Smart Semiconductor Index, which provides exposure to US companies within the semiconductor sector, has been screened by factors such as volatility, value, and growth. The index has a base value of 1000.00 since its inception on July 8, 2016.

Key Players and Performances

• NVIDIA (NVDA) has been a top performer, driven by its strong presence in the AI market with its H100 Tensor Core GPU. NVIDIA has set new revenue records in 2024, primarily from its data center segment, which is crucial for AI training and inference.
• Qualcomm (QCOM) continues to be a leader in mobile chip design and has expanded its focus to automotive and PC markets with its Snapdragon platforms. Qualcomm's Snapdragon 8 Gen 3 is seeing strong demand globally.
• Taiwan Semiconductor Manufacturing Company (TSM) and Advanced Micro Devices (AMD) have also shown significant gains, with TSM increasing by 2.46% and AMD by 3.38% in recent trading sessions.

Index and ETF Performance

• The Nasdaq Global Semiconductor Index (GSOX), which tracks the performance of the 80 largest semiconductor companies globally, has a current value of 1,472.30, reflecting a -0.33% change. This index began on September 29, 2021, with a base value of 1000.00.
• For investors looking to gain broad exposure to the semiconductor sector, ETFs such as the iShares Semiconductor ETF (SOXX) and the VanEck Semiconductor ETF (SMH) are recommended. These ETFs track market cap-weighted U.S. semiconductor stocks and have significant assets under management.

Industry Outlook

• The semiconductor industry is expected to continue growing due to increasing demand from IoT and AI applications. The industry has a combined market cap of $6,319.3 billion and total revenue of $499.25 billion, with a weighted average PE ratio of 53.92.
• The CHIPS and Science Act has provided a boost to the US semiconductor sector with funds and credits, further supporting the industry's growth.

References: https://finance.yahoo.com/u/yahoo-finance/watchlists/semiconductor-stocks: https://indexes.nasdaqomx.com/Index/Overview/NQSSSE: https://www.fool.com/investing/stock-market/market-sectors/information-technology/semiconductor-stocks/: https://indexes.nasdaqomx.com/Index/Overview/GSOX: https://stockanalysis.com/stocks/industry/semiconductors/

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