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Semiconductor Stocks Blast Off as Foxconn’s Revenue Takes Flight

A perfect storm of positive factors sent semiconductor stocks soaring, with major players experiencing significant gains. Here are the key drivers behind this surge:

  1. Foxconn’s Record-Breaking Revenue: A 15% year-over-year revenue increase and a 42% rise in December sales ignited investor optimism in the sector.
  2. AI Demand Anticipation: Foxconn’s strong results underscored ongoing demand for AI technologies, fueling expectations for future growth in the semiconductor space.
  3. Microsoft’s $80 Billion AI Investment: The tech giant’s commitment to AI-enabled data centers further boosted expectations for increased demand for specialized chips, particularly from Nvidia.

The impact on leading semiconductor companies was substantial:

SEMICONDUCTOR STOCKS
  • Nvidia Corporation (NASDAQ:NVDA): Up +3.4%
  • Advanced Micro Devices (NASDAQ:AMD): Up +3.3%
  • Micron (NASDAQ:MU): Up +10.5%

As the demand for AI technologies continues to grow, semiconductor companies are well-positioned to capitalize on this trend, driving growth and innovation in the sector.

â—‰ The Vita Coco Company (NASDAQ: COCO) - TRADINGVIEW POSITION UPDATE

Vita Coco: Hydrating Investors with Impressive Growth Prospects by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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