SOX hits 12 month high

Author: EIS Release Date: Apr 7, 2023

Yesterday the SOX was at its highest since last April 6th after rising 27% this year.

 

This week the index was boosted by an upbeat revised forecast from Infineon saying that 2023 revenues will be “meaningfully above” its earlier forecast of €15.5 billion, and a statement from Sanjay Mehrotra CEO of Micron that: “We believe that customer inventories have reduced in several end markets and we see gradually improving supply-demand balance in the months ahead.” 

 

Nvidia shares have risen 90% this year, and AMD has risen 50%.

 

Some think the upturn will start in H2 some say it will be in late Q4.