As expected, today's semiconductor ETF fell by 7.2%, and there are at least three reasons for this sharp drop: First, from the market perspective, the domestic semiconductor industry has entered a downward channel since mid-August, with a clear downward trend; Second, from a glob

No surprise, today the semiconductor ETF fell by 7.2%, and there are at least three reasons for this sharp drop:

First, from the market perspective, the domestic semiconductor industry has entered a downward channel since mid-August, with a clear downward trend;

First, from a global perspective, the global semiconductor industry has overcapacity and profits have declined. The stock price of the entire semiconductor supply chain is falling.

AMD said that quarterly revenue was about $1 billion less than expected; global memory chip leader Samsung reported a decline in operating profit by 32%, and the stock prices of chip companies such as AMD, Nvidia, Intel have all declined;

terminal demand has deteriorated significantly, and end customers seem to be working hard to destock. However, TSMC is an exception. The data released by it shows that its quarterly revenue rose by 48%, reaching about $19.4 billion. However, the main reason may be demand due to analysis of the reasons. The downward trend has not been fully reflected in the data.

In addition, concerns about the global economic recession are also important reasons. The recession of the global economy will inevitably lead to a decrease in demand.

Third, during the holiday period, the new round of chip restriction policy announced by the United States has had a direct impact on today's market conditions. It has long-term problems and has led to our overreaction in panic. It also directly led to the sharp drop in semiconductors today.

So, what is the trend of the semiconductor industry in the future? Will there be improvement in the short term?

At least in the short term, the semiconductor industry has little chance. The shrinking global demand is a trend problem and will definitely not be solved in the short term. The impact on the semiconductor industry is continuous.

In terms of domestic market conditions, the industry trend is on the downward channel.

So, it should not be wise to invest in the semiconductor industry at this time, or think about bottom investment. As for the industry, what we need is patience to wait for the opportunity to come.