In today’s briefing:
- Ohayo Japan | Building on Strong Rally; Tsuruha for Sale
- Semiconductor Cycles: Industrial and EVs
- Top 10 Tech Trends in 2024 – What’s Likely to Drive Tech Next Year
Ohayo Japan | Building on Strong Rally; Tsuruha for Sale
- Overseas: SPX +0.2%, Nasdaq 0%; Interest rates remain key driver; Target stock +18% on bte Q3 results
- Today: NKY Futs -0.4% v cash. JPY 151.4; Bullish plans from Denso; Japan tourism fully recovered
- JapanX: Expected further consolidation in the drug store sector looking more likely. The vultures are circling
Semiconductor Cycles: Industrial and EVs
- This earnings season, Industrial semiconductor demand has been the biggest incremental softening in end market demand. That’s not surprising.
- I have been talking about the FIFO (First-In, First-Out) cycle, and the only two remaining segments that have not had a meaningful correction are Industrial and Automotive.
- We are now seeing the beginning of Industrial weakening.
Top 10 Tech Trends in 2024 – What’s Likely to Drive Tech Next Year
- Artificial intelligence (AI). AI is already having a major impact on the tech sector, and this is only going to accelerate in 2024.
- With an estimated market size of $137 billion in 2022, AI is projected to grow significantly to $1.8 trillion by 2030, a CAGR of 38%.
- We can expect to see more sophisticated AI applications and algorithms that can perform complex tasks and make decisions with human-like accuracy.
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