With your newfound opportunity, you can seal significant business transactions involving chip manufacturers such as ASML and Qualcomm.
The tech sector has recently experienced a significant setback, with losses particularly heavy in the sector, marking the biggest decline in two years. Notable companies like Nvidia have also felt the impact. However, there's a glimmer of hope on the horizon, as advancements in the chip industry continue to flourish, according to industry experts.
The Chip Power Index of BÖRSE ONLINE, a financial index developed by Börsenmedien AG, combines 15 promising stocks from the sector in one Exchange-Traded Fund (ETF), enabling a diversified investment. The Dutch semiconductor supplier ASML (WKN: A1J4U4), for instance, has been a favourite among investors, with Goldman Sachs maintaining a 'buy' rating on ASML's stock and setting a price target of 1185 euros. Despite a recent 17 percent loss in the last four days, ASML gained more than two percent on Tuesday, leading the EUROSTOXX index.
This boom in the chip industry could potentially lead to a breakthrough in the PC market. PC manufacturers like Acer, Asus, Dell, or Microsoft could soon sell full-fledged AI laptops for less than 1000 euros, making artificial intelligence technology more accessible to a wider audience.
Meanwhile, the U.S. chipmaker Broadcom's disappointing outlook has contributed to the tech stock losses. On the other hand, Qualcomm is bucking the trend, doing well and putting pressure on competitors Intel and Apple. The company recently unveiled an affordable variant of its Snapdragon X series, which could further disrupt the market.
Despite the current correction in the tech stock sector, some experts argue that it does not signal a general trend reversal. The outlook for this week is brighter, offering a potential recovery for the sector.
In the meantime, investors can keep an eye on the Chip Power Index of BÖRSE ONLINE for a diversified investment opportunity. The current stock symbols of the 15 most significant chip companies in the index are not directly listed in the search results, but acronyms for major chip companies typically include ASML (ASMLF), ChipMOS Technologies (IMOS), and Monolithic Power Systems, among others.
Börsenmedien AG has also entered into a cooperation agreement with the issuer of the displayed financial instruments, granting the issuer a license to use the index and receiving remuneration in return. The price of the financial instruments is derived from this index developed by Börsenmedien AG, which holds the rights to it.
As the tech sector navigates through these challenging times, the promise of affordable AI technology and continued growth in the chip industry offers a glimmer of hope for a brighter future.
