Bespoke在周三的一份电子邮件报告中指出，虽然英伟达的“技术走势可能有所改善，整个半导体板块的表现并不强劲”。他们还表示，“费城半导体指数”整个夏季一直受到阻力压制，尽管该指数已经超过了50日和200日均线。Bespoke pointed out that although the technology trend of Nvidia may improve, the performance of the entire semiconductor sector is not strong.
According to the data from Bespoke Investment Group, despite the recent surge in Nvidia(NVDA.US) stock price, the performance of semiconductor stocks this month still lags behind the S&P 500 index.
On Wednesday, the S&P 500 index rose by 0.7%, closing at 5792.04 points, hitting a historical high. The stock price of semiconductor giant Nvidia fell by nearly 0.2% in trading that day, narrowing its October gain to 9.2%.
In an email report on Wednesday, Bespoke pointed out that although the technology trend of Nvidia may improve, the performance of the entire semiconductor sector is not strong. They also stated that the Phlx semiconductor index has been suppressed throughout the summer, despite surpassing both the 50-day and 200-day moving averages.
Bespoke analysis stated that the September decline in the semiconductor index was more severe compared to August, with a weaker subsequent rebound. According to FactSet data, the Phlx semiconductor index(SOX.US) rose by 1.1% on Wednesday, while the Invesco Phlx Semiconductor ETF(SOXQ.US) also increased by 1%.
Bespoke pointed out that although the semiconductor sector's sell-off in early September was not as severe as in August, this index has already reached a "higher low," which may be a positive signal for the sector, even though it has not yet reached the level of creating new highs.
Meanwhile, the iShares Semiconductor ETF (SOXX.US) tracking US-listed semiconductor stocks rose by 1% on Wednesday. Although this ETF has risen by 2% so far in October, it has still fallen by 9.4% in the past three months. In comparison, the S&P 500 index has risen by 3.9% in the past three months.
The overall US stock market performed strongly on Wednesday, with the Dow Jones Industrial Average rising 1% to a historical high, while the technology-heavy Nasdaq Composite Index rose by 0.6%.
As of Wednesday, the cumulative increase of the S&P 500 index in 2024 is 21.4%, slightly lower than the year-to-date increase of 22.5% for the iShares Semiconductor ETF. According to FactSet data, this indicates that the semiconductor sector had a relatively strong performance at the beginning of the year, but the recent trend has softened.
