China is planning for comprehensive policies to bolster its domestic semiconductor industry in a retaliatory move to counter the Trump administrations restrictions, wrote Bloomberg. Leaders in China are "preparing broad support "for third-generation" semiconductors through 2025, added the story. " A suite of measures to bolster research, education and financing for the industry has been added to a draft of the country's 14th five-year plan, which will be presented to the country's top leaders in October, the people said," noted Bloomberg. Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN), Broadcom (AVGO), Applied Materials (AMAT) and KLA Corp.(KLAC) Also Lrcx, swks, and a bunch of others.
Was wondering why the semiconductors were all down after hours. Nvda took a nice swing down along with the others that have been leading the nasdaq one way, up. This is some wild news for this industry that no one saw coming.
Why not? Why would you limit yourself to long only positions? And what would you do during bear markets, go fish until it's over?
Bad News for trading Nasdaq is Margin has increased .... this is not good!!! Other than that, its movement is excellent for day trading. Meanwhile, don't fear or worry about China vs NQ. Simply trade China market and NQ.
That's more like it, that's the spirit! Bad traders see financial events as potential problems, good traders see them as fantastic trading opportunities.