Semiconductor stocks gained momentum in the U.S. market, and the SOX Index broke through a key level. Broadcom, Micron, NVIDIA, ASML and Applied Materials are expected to attract increased attention this week.
U.S. stocks last week were influenced by movements in long-term interest rates and fluctuations in crude oil prices, while semiconductor stocks stood out for their gains and the SOX Index rose over the five-day period. The cloud in Chart 1 is serving as a support zone on the downside. Although the market temporarily opened lower in response to the rise in interest rates and crude oil prices on 24 September, a bottom forming at the upper edge of the cloud was considered notable.
The focus this week is expected to be on movements in long-term interest rates and crude oil prices, as well as Micron Technology's earnings announcement. Micron's results could affect the market's outlook for semiconductor demand, with its performance and guidance attracting attention.
For this week's 5 stocks, Chart 3 lists the stocks with the largest gaps between analyst target prices and current prices, selected from the 15 semiconductor stocks with the largest market capitalizations among the SOX Index constituents, together with SK hynix. The 5 selected stocks are Broadcom, Micron Technology, NVIDIA, ASML Holding NYRS and Applied Materials, while Chart 4 presents investment indicators.
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