---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42865167.md"
description: "I've been on vacation recently and just took a look at the current market. I'm only sharing my personal view on the possible trends for the second half of the year.Tech stocks remain the main theme, which goes without saying. They are the absolute drivers of the broader market. I expect the S&P 500 and Nasdaq to hit new highs by year-end, with the latter potentially performing even better. The hard tech index is the top choice.In terms of hardware, TSMC, NVIDIA, Intel, AMD, and the small-cap players in the memory and optical modules sector may be making a strong comeback. Led by NVIDIA, the entire hardware sector is pushing upward, which might also drain liquidity from the remaining Magnificent Six. Google is still consolidating in a defensive posture, so I'm not betting on its earnings report; its trend is hard to predict. I expect semiconductors to reach a new high by year-end, though it might happen in less than six months... perhaps within 1-3 months. The previous decline and rally were not symmetrical.On the software side, among the leaders that haven't been drained of liquidity, Microsoft is likely to consolidate with volatility in the second half of the year, without significant breakthroughs. If the leaders don't perform well, there's no need to look at the others.Regardless, I always believe that avoiding a downturn means missing out on the subsequent rally. This was verified once in March. I didn't avoid it this time either, but I won't buy large amounts of leverage during the mid-rally phase."
datetime: "2026-07-22T19:37:19.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42865167.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42865167.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42865167.md)
author: "[煎饼小狗](https://longbridge.com/en/profiles/17932395.md)"
---

# I've been on vacation recently and just took a loo…


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## Comments (6)

- **股主管理局 · 2026-07-28T06:14:08.000Z**: Hello Teacher! I have been closely following your continuous tracking of the sector recently. From SanDisk to Micron, your analysis of the industry chain is very solid, and your views are highly consistent with actual trading rhythms. We look forward to inviting you to become a StockPro in the Longb
- **长桥man · 2026-07-23T13:16:53.000Z**: How can LBhk be traded? Currently locked for two years, it might also serve to verify one's own level.
- **你还年轻，三千万不够 · 2026-07-23T00:40:48.000Z**: Not necessarily, look at MDB, DDOG, SNOW; Microsoft is still stagnant.
- **Frank · 2026-07-22T21:05:40.000Z · 👍 1**: GOOG continues to increase capital expenditures
  - **煎饼小狗** (2026-07-22T23:27:04.000Z): Yes
- **夏时安 · 2026-07-22T19:42:40.000Z**: Well said, rational and calm, admire