Lu Xingzhi named 4 technology giants whose stock prices collectively hit bottom, and he was most worried about this scene.

The Philadelphia Semiconductor Index fell for eight consecutive trading days, the longest decline since the 2008 financial tsunami. Well-known analyst Lu Xingzhi named on Facebook the stocks that have already broken through the bottom of the fee semi-index, including Applied Materials, KLA Tencor, Broadcom, and Lattice. The companies that are about to break through the bottom include Lam Research, ARM, Tower Semi, Coherent, and SiTiME. What he is most worried about is whether these companies will drag everyone down and fall below the July low.

Lu Xingzhi said that the semiconductor index is still 6.2% away from falling below the lowest point of 10445.4 on July 29. It will be really ugly if it falls below next week. Many semiconductor companies are still finishing at a high level.

As for which constituent stocks of the Fee-Half Index have broken through the bottom first? He said that companies that have already broken through the bottom include Applied Materials, KLA Tencor, Broadcom, and Lattice, and companies that are about to break through the bottom include Lam Research, ARM, Tower Semi, Coherent, and SiTiME.

He mentioned that Applied Materials, Kelei, Lam, Broadcom (Broadcom can be explained by the fact that it was jointly grabbed by MediaTek and Marvell), ARM, and Coherent are industry giants. I really don’t understand what happened to these companies, and they will be the first to fall below the correction low in July. What he is most worried about is whether these companies will drag everyone down below the July low.

Lu Xingzhi stressed that with ASML and TSMC’s financial reports unable to save the market, Huida’s financial report has not yet been released (expected to be released on 11/19 Taiwan time). Do we have to wait for the AI ​​data center cloud giant’s financial report to come to the rescue?