As of the close on January 8, 2024, the Science and Technology Innovation Board 50 Index reached a historic low of 784.43. At the current point, when is the Science and Technology Innovation Board 50 expected to rebound? After the closing on January 8, 2024 US time, Nvidia's stock price reached a historic high, strengthening market confidence. With the trend of semiconductor bottoming out and rebounding, the Science and Technology Innovation Board 50ETF (code: 588080) has received net inflows of funds for four consecutive days, totaling 593 million yuan. Anchor increment, related product Science and Technology Innovation Board 50ETF (code: 588080, linked fund A/C: 011608/011609).
CES2024 is about to be held, and the consumer electronics sector is expected to receive important catalysis. The 2024 International Consumer Electronics Exhibition (CES2024) will be held in Las Vegas, USA from January 9th to 12th, 2024 local time. According to official reports, CES2024 is expected to attract over 130000 attendees, with over 1200 startups and over 4000 exhibitors participating. Among them, AI, MR, automobiles, and others all have a large number of terminals shining brightly. The proportion of semiconductors in the 50 index of the Science and Technology Innovation Board exceeds 50%, and the appearance of new consumer electronics applications at the conference is expected to drive the overall recovery of the semiconductor industry chain, thereby driving the Science and Technology Innovation Board 50 index.
Storage chips are expected to rebound, and the global semiconductor market size is expected to improve. According to data from the World Semiconductor Trade Statistics Organization (WSTS), looking ahead to 2024, the global semiconductor market is expected to reach $588.4 billion, a year-on-year increase of 13.1%. The proportion of the memory segment will rise to 22.06%, corresponding to a market size of $129.8 billion, a year-on-year increase of 44.8%. The overall positive expectations of the semiconductor industry constitute the long-term logic for the recovery of the Science and Technology Innovation Board's 50 index.
The Science and Technology Innovation Board 50ETF (588080) continues to attract gold, and may rebound in the future. The behavior of ETF funds has important reference significance for the future rise and fall of the index. The index continues to decline but funds continue to flow in, often indicating that funds are more optimistic about the index and may be worth paying attention to in the future. Data shows that the Science and Technology Innovation Board's 50ETF (588080) has received net inflows of funds for four consecutive days, totaling 593 million yuan. The current Science and Technology Innovation Board 50 Index has hit a historic low, anchoring incremental funds.
The current valuation and market sentiment of the Science and Technology Innovation Board 50 are relatively low, and Nvidia's historic high further strengthens market confidence. E Fund Shanghai Science and Technology Innovation Board 50 ETF (Stock Exchange abbreviation: Science and Technology Innovation Board 50 ETF, code: 588080, Link Fund A/C: 011608/011609) is a high-quality investment tool under the logic of semiconductor industry chain or recovery.