The stock market continued to rebound for the fourth straight day on Wednesday, allowing the benchmark indices to recover some of their losses from their dismal January performance. However, United States stock futures fell early Thursday on a disappointing quarterly report from the tech giant Meta Platforms Inc. (FB). Futures tied to the Nasdaq 100 declined some 2%, the d S&P 500 futures slid 1%, while the Dow Jones Industrial Average futures retreated 0.19%.
However, according to consulting firm Gartner, global semiconductor sales rose 25% last year to $583.50 billion, while the industry’s net profits grew 9% last year, outpacing its previous year’s growth. Furthermore, the global semiconductor market is expected to expand to exceed $1 trillion within 10 years, bolstered by solid demand.
