The first half of 2024 has been full of excitement, with opportunities and risks coexisting in the global investment market - the AI boom continues, with Microsoft, Apple, and Nvidia vying for the top spot in market capitalization, and the Fed's interest rate cut expectations still uncertain... For investors who are also witnesses of a large era, the situation is exciting.
Looking back at the past and accumulating experience, welcome to subscribe to the exclusive semi-annual review of 2024. May all our efforts in the first half of the year be the groundwork for the surprises in the second half of the year."2024 Exclusive Mid-Year Review", may all our efforts in the first half of the year be the groundwork for the surprises in the second half of the year.
In the quiet month of June, looking back at the first half of 2024, the US stock market has been soaring all the way.
As of June 17th, the Nasdaq and the S&P 500 index hit historical highs several times this year, and the Dow Jones once broke through the 40,000 point mark. Excitingly, the S&P 500 index welcomed its 30th new high of the year overnight.
Looking at the sector performance, under the background of increasing investors' optimistic sentiment towards artificial intelligence and the Fed's interest rate cut expectation, the technology sector is superior and has strongly driven the U.S. stock market upward.
In terms of half-yearly returns, according to statistics, as of June 17th, the information technology sector has had the highest increase among major sectors, with a cumulative increase of 28%; the communication service sector followed closely, with a cumulative increase of nearly 25%.
In this round of AI investment boom,$NVIDIA (NVDA.US)$has always been a star-studded presence. After its stock price doubled in 2023, it has risen more than 160% this year, and its market value has surpassed $3 trillion. Its server manufacturer partner$Super Micro Computer (SMCI.US)$performed even better, with a cumulative increase of more than 2 times this year, and a surge of up to 10 times since last year.
In addition,a group of companies in the AI ecosystem collectively celebrate this year, with storage vendor$Pure Storage(PSTG.US)$$Pure Storage (PSTG.US)$Increasing by more than 87% this year, and semiconductor stocks$Dell Technologies (DELL.US)$All increased by more than 70%.$Arm Holdings (ARM.US)$, $Micron Technology (MU.US)$, $Taiwan Semiconductor (TSM.US)$In addition, against the backdrop of the Bitcoin halving and the Fed's interest rate cut expectations, Bitcoin has hit a historical high at one point this year, and the largest enterprise holder of Bitcoin
has surged more than 138% this year. It is worth noting that semiconductors are undoubtedly the most dazzling industry in the U.S. stock market this year. As of June 17th, the PHLX semiconductor index has risen sharply by 36% this year, setting new historical highs multiple times. $MicroStrategy (MSTR.US)$Besides Nvidia,
Besides Nvidia,
In addition to Nvidia,$Micron Technology (MU.US)$, $Taiwan Semiconductor (TSM.US)$, $Broadcom (AVGO.US)$, $Qualcomm (QCOM.US)$, $Applied Materials (AMAT.US)$, $KLA Corp (KLAC.US)$All hit historical highs; in addition, semiconductors start-ups known as "little Nvidia"$Astera Labs (ALAB.US)$debuted on the US stock market in mid-March and has so far risen by as much as 80%.
Mooers, the mid-year review and sharing event is coming, and the stock market will be in full swing in the first half of 2024. What bull market opportunities did you seize?
Welcome to share your warehouse and investment experience with your fellow mooers. Let's review the investment performance of the first half of the year together, and there are limited edition Futubulls (Futubull dolls, soldier bull, knight bull) and a large number of points waiting for you to claim.Come and join us now~
Editor/Somer