Semiconductor in the West are computed as causal predictor for US stock indices: Nasdaq 100, S&P 500, and Dow Jones Industrial Average.
The prediction target time is six months from now, but it is a configurable parameter for the computational engine.
Last week, NVDA post earning beating expectation and strong earning outlook.
The French stock index CAC40 is the No 2 driver for the US stock indices. In the last one year, the two best performing constituent stocks in the French index are ArcelorMittal and STMicroelectronics. Due to protection measures, steel are being repriced, as explained by ChatGPT. STMicroelectronics is in semiconductor.
Amid the backdrop of protection measures and AI, USD is a bit weaker, bonds are dumped, both US real and nominal interest rates are high, flagship semiconductor stocks are rallying the most across the West. The top three computed driving factors for the US stock indices all have something to do with semiconductor.