The U.S. Conference Board reported on June 28 that the consumer confidence index fell to 98.7 in June, down from 103.2 in May, as the June figure missed an earlier market apskaičiuoti iš 100.
As a result of this news, Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) shares hit their 52-week lows, rebounding slightly throughout the trading sessions.
Meanwhile, the broader semiconductor market continued to sell- off on worries of a global recession and weakening demand from consumers. Yet, a recent semiconductor industry outlook pranešti by Deloitte signaled to investors that the semiconductor industry will grow 10% in 2022.
According to, analysts like Columbia Threadneedle’s, Dave Egan, the semiconductor index (SOX semiconductor index) could double in the next couple of years.
NVDA chart and analysis
Moreover, shares of NVDA are down 48% year-to-date (YTD), with the 52-week low now possibly serving as the support line for the share price. Trading volumes have been steady throughout June, with the price remaining below all daily Paprastas slenkamasis vidurkis (SMA).
Kita vertus, analitikai vertina akcijas kaip stiprų pirkimą, prognozuodami, kad vidutinė kaina per ateinančius 12 mėnesių gali siekti 266 USD. 71.15% didesnis nei dabartinė prekybos kaina – 155.42 USD.
AMD diagrama ir analizė
Similarly, AMD shares are down 48% YTD, also trading below all daily SMAs on steady trading volumes. Further, the new trading range for the shares seems to be between the 52-week low of $76 and $92.
Consequently, analysts rate the shares a moderate buy, predicting that in the next 12 months, the shares could trade at $134.33, 72.24% didesnis nei dabartinė prekybos kaina – 77.99 USD.
Despite the recent slump in semi-stocks, there is enough evidence pointing at the fact that it is just a matter of time before these stocks surge. Yet, rising inflations and rising interest rates, as well as global macro events seem to be pointing in a completely different direction, possibly warning investors of more downside to come.
Nevertheless, long-term investors could potentially find solid entry positions in these two tech names if their risk appetites can stomach the possibility of more volatility in the near term.
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Source: https://finbold.com/semiconductors-sell-off-on-recession-fears-amd-and-nvidia-bounce-off-52-week-lows/