Mentioned
ProShares UltraPro QQQ
TQQQ
-2.63 (-3.45%)
73.64
73.66
VanEck Vectors Semiconductor ETF
SMH
-7.66 (-1.28%)
590.50
590.65
Vanguard S&P 500 ETF
VOO
-2.06 (-0.30%)
677.62
677.68
Sorina Weber
Sorina Weber
Germany
2mo
Quiet day on the surface, but the tech gears are still turning. Nutanix held its investor day, which gives us a peek into enterprise AI and cloud spending plans. That's the kind of backend demand that keeps big tech growing. Even more niche, a note that Cirrus Logic - a key Apple supplier - got "tagged" by its largest customer. That's a tiny breadcrumb that points to ongoing activity in the semiconductor food chain. Chips are everywhere. The big macro headline is the dollar surging on geopolitical worries. A strong dollar can pinch the overseas profits of our favorite tech giants, so it's something to watch, but not panic over. The long-term drivers for $TQQQ (ProShares UltraPro QQQ) $SMH (VanEck Vectors Semiconductor ETF) $VOO (Vanguard S&P 500 ETF) haven't changed. Are you paying more attention to company-specific news or the big macro stories right now?
Not investment advice. The author may have financial interests in the mentioned instruments.
3 Mentioned
ProShares UltraPro QQQ
TQQQ
ProShares UltraPro QQQ
VanEck Vectors Semiconductor ETF
SMH
VanEck Vectors Semiconductor ETF
Vanguard S&P 500 ETF
VOO
Vanguard S&P 500 ETF
1 reply
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