2023-07-24 12:20:05
The four major U.S. stock indexes were mixed on Friday following traders assessed the latest corporate earnings results.Dow JonesThis week also achieved a record of ten consecutive trading days of rising, which is the longest consecutive rising record since August 7, 2017; the S&P 500 has been in the bear market for less than 20 months, and currently only has 260 points left to regain all lost ground. Taiwan will announce the results of the interest rate decision in the early morning of this Wednesday. The market predicts that this may be the last rate hike in the rate hike cycle, and it may also be a turning point to test the momentum of the US stock market. According to the latest Fed WatchTool data, the probability of raising interest rates by 1 yard in July is as high as 99.8%, which is basically a foregone conclusion.
Back to Taiwan stocks, the world’s top IC design company MediaTek (2454-TW) will hold a law conference this Friday. This time, in addition to announcing the second quarter financial report, it will also release the outlook for the third quarter, but my opinion should be different from “most analysts”! From a technical point of view, I think that as long as MediaTek fails to stand on the neckline pressure near 790~795 points, there will be no big market. Then come to the fundamental part, as the current mobile phone industry has entered a mature stage, the 5G penetration rate has limited improvement, and the short-term contribution of other non-mobile phone fields is limited. The company’s operations may enter a period of stagnation for several years. When new industries or new technologies start to grow, operations will have a chance to recover.
At present, MediaTek sees the potential of automotive semiconductors, and cooperates with NVIDIA to enter the automotive market, jointly build smart cockpit systems and develop automotive SoCs. This strategic move can enable MediaTek to gain more opportunities in the field of automotive chips, covering AI accelerated computing, high-performance computing, high-speed wireless networking, multimedia sound processing, smart cockpit, advanced driver assistance system (ADAS), automatic driving and many other aspects. This will allow MediaTek to compete with competitors such as Texas Instruments, NXP Semiconductors and Renesas Electronics, and become the focus of investors.
Last Monday we announced the Quanta II- Guang Ming (6188-TW), many friends responded very enthusiastically and came to private message me. They want to join our Shenzhun family.
Today we are going to release another file with Quanta (2382-TW) is very related to Dingtian (3306-TW), in recent years, has been actively developing automotive products, including AI camera lenses, advanced driver assistance systems (ADAS), driver monitoring systems (DMS), etc., to welcome the advent of the Internet of Vehicles era, and will target Southeast Asia, Europe, America, and Japan in the future to expand the international automotive market.
When I did a short-term backtest last Thursday, I took members to buy at 39.9 yuan. Not long following the market opened today, the price limit was strong, and I made more than 10% in just two trading days!
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