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S&P 500
5,477.90
(
0.16%
)
US TECH 100
19,129.60
(
-0.24%
)
Dow Jones
39,127.80
(
0.04%
)
Brent Oil
84.28
(
-0.23%
)
Bitcoin
61,005.32
(
0.32%
)
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wadegarret

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wadegarret

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Monday, 01/22/2024 12:54:46 PM

Monday, January 22, 2024 12:54:46 PM

Post# of 113934
Semi index 3100 to 4350 in 11 weeks !

I believe the rate at which the semi stocks are rising is unsustainable. I mean the sector is up 40% in 11 weeks, & 117% since Oct 2022. The only time in the last 25 years that we've seen anything like this was in 2000, and I don't think AI is bigger than the invention of the Internet was. In fact, I'd venture to say that the Internet brought more in profits to the average S&P company by far, than AI will.
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