Asenfar n Nasdaq Ass-a: Aɛeddi n Ugzum d Yiswiren n Tallelt

Tazmert n Micron akken ad teṭṭef deg lǧehd deffir ma tnerna tfada-ines tettqeddim d bellwe i sectorwe. Mi ara ssiwḍen yimseftiyen n tɣawsiwin n tɣawsiwin s waṭas, aya yettbeggin-d s waṭas asuter n tɣawsiwin n ddaw tmurt. Aya ur yesfayday ara kan tikerka s timmad-is maca akk anabaḍ (système écologique) n tkebbaniyin n tesnatwilt n tlemmast n tkebbanit. Ass-a, assaɣ gar tezmert n tɣawsiwin d tɣawsiwin n Nasdaq la yettnerni. Ilaq imseftiyen ad ḍefren iɛeggalen-a n tlemmast n tkebbanit i lmend n tmitar timezwura n ubeddel n tɣawsiwin deg ugzum.

Iswiren Itwilanen: Taɛiwen d Umennuɣ

Asnulfu n iswiren n tallelt d umennuɣ n nasdaq s tɣawla d ayen yesɛan azal ameqqran i tesnatwilin n tnezzut n wass. Tadukli s tɣawla teqqim qrib n tlemmast taneggarut ay d-yettwasbedden deg tallit n tɣawsiwin n intraday ay d-yeḍran deffir uslelli n tmerniwt n PCE. Aswir-a yella-d d amkan n tmerniwt yettwakelfen i yimsettiyen yettnadin ad rnun asekcem. Ad teṭṭef tamnaḍt-a ad teḥrez aḥric n tmerniwt n teswiɛt tawezlant. Ma yella ur yezmir ara usnerni-a, lqaɛa n lqanun i d-iteddun d tlemmast n 50 n wussan, d tin i d-yettaken lsas n tmeṣkiwt ijehden ugar.

Tazmert n tmenɣiwt tettwakkes-d, ass-a, s tmeẓdit n waman n tlemmast ay d-yewḍen deg tazwara n Ctembeṛ. Ad t-id-terr s tqacuct-a teḥwaǧ azal yettwasdukklen, ladɣa seg yiferdisen n tmeẓdiyin (méga-cap). Mebla azal ameqqran, index yettḥulfu ad iqesser deg tlemmast-a. Ilaq ad ẓren yimesnuzuyen asekcem n tferkit nnig n tqacuct taneggarut. S umgired, aɣelluy ddaw n uswir n tallelt s tɣawla ad d-yesmekti abeddel ɣer tikli n usḥulfu n tḥila, ahat d ayen i d-yettwasbedden s usnerni n lɣella nniḍen.

Asnefli n Uḥric d Tɣawsiwin n Uferru

Imukan n uḥric ssuturen-d belli yessefk ad nḥareb. Arrazen ineggura usan-d ɣef lqidar n tlemmast, d ayen ay izemren ad d-yeglu s tɣawsiwin n lekdeb. I usnerni n uswir yettwasnen, ilaq ad yennerni s waṭas deg wussan n usnerni. Aya yettwekkid-d attekki n tesdawit mačči kan d aḍfar n tmerniwt. Asebded n tura yettḥemmil ṣṣber ɣef uḍfar n tmeḥqranit. Raǧu asekcem deg uswir n tferkit uqbel ad tgeḍ tadrimt tameqrant. Tazmert-a n tɣellist tettḥadar mgal tmeẓdiyin deg twennaḍt n ssuq n tmeẓdiyin.

Imsewwiqen imeqranen: Isefka n tɣawsiwin d tɣawsiwin n tɣawsiwin

Aswir n tmuɣli-a n nasdaq ass-a yettwaḍḍef s waṭas s tɣawsiwin n Tbanka n Tbanka. Azal n 10 n yiseggasen yewweḍ ɣer tqacuct tamaynut n 24 n yiseggasen, dɣa d aya ay d-yesnulfan aḍu n tɣawsiwin n tneflit. Ifarisen yugaren ayen nniḍen ttḥettimen timerwin n ssuma, dɣa d aya ay yeǧǧan ad yili d ayen iweɛren i tkebbaniyin n tesnatwilt n P/E yugaren akken ad sfehment ssuma-nsent. Maca, isefka n tmerniwt n PCE i d-yessemɣaren ugar n wayen yettwasmenḍawen ttaken-d cwiṭ n tmeẓẓuɣt. Isefka-a sseknen-d dakken iẓeḍwan n tmerniwt n ssuma zemren ad ssiwḍen ɣer tqacuct, d ayen ay d-yettaken afud i yidrimen n tɣuri ɣezzifen.

Ɣas akken, ssuq mazal-it yettḥulfu s kra n tɣawsiwin n tḥemla n tḥemla. Aḍris n yimukan n uxeddim ara d-yasen d aḥric agejdan. Isefka n uxeddim ijehden zemren ad ḥerzen lɣella s wazal-is, ad ḥettmen ɣef ssuma n teknoloji. Isefka ixuṣṣen zemren ad snernin lḥir s ussumer n tmuɣli n Fed s tɣawla. Imesnuzuyen yessefk ad sbedden iman-nsen akken ad rren i yigemmaḍ-a n tmerna. Ass-a, assaɣ gar lɣella d tɣawsiwin n teknoloji mazal-it yeǧhed. Annerni n lfayda s tɣawla yettawi-d s umata ɣer uɛeddi ɣer yiḥricen n tɣellist, dɣa aya yettḍurru Nasdaq.

Acuddu n Tesnatwilt Tamaḍlant d Ssuq n Asya

Nasdaq ur yelli ara deg yiwen n lbaṭel. Tazmert-is tettnerni s waṭas s tdukli n yiḥricen n tesnatwilt n Asya d yimḍebbren n tmeẓdiyin n usnefli. Isefka n tmeẓdit-nneɣ ttbegginen-d aṭas n yiferdisen icudden ɣer waya ay d-yesskanayen assaɣ-a amaḍlan. Amedya, taṛmist n tmeẓdiyin n Hua Hong (Tiker: 1347) d tmeẓdiyin n Shanghai Fudan (Tiker: 1385) fkant-d tamuɣli ɣef tmeẓdiyin n tmeẓdiyin n Asya. Tazmert deg yismawen-a s waṭas tettqabal neɣ tetteddu d tezmert deg uswir n tesnatwilt (technologie) ameqran.

Tikebbaniyin-a d aḥric seg tmeẓdit n ussefrek n AI d tlikṭruniyin n yimseqdacen. Tazmert-nsen tezmer ad tili d amedya amezwaru n usuter n tɣawsiwin n teknoloji n Marikan. Rnu ɣer waya, tadawsa n yiḥricen n tedrimt deg Asya, ay d-ttwasemlen s yismawen am ICBC (Ticker: 1398) d Tbanka Takerrazt n Ccinwa (Ticker: 1288), tettḍurru tignatin n tbanka tamaḍlant. Aḍris n tedrimt iḥerzen yettɛawan lḥir n tḥila. Mi ara yili ssuq n Asya d aɛessas, yettakf-d s waṭas aḍu n tlemmast i yiḍrisen n tesnatwilt (technologie) n Yiwunak Yeddukklen. Aḍfar n tmuɣliwin-a n tlisa yerna-d lqaɛa i tmeẓla n tnezzut n yal ass.

Asdukkel n tmuɣliwin n tmeẓdit deg teɣtasin n tnezzut

Aseqdec n usnefli n ticker s timmad-is yettɛawan deg useggem n ufran n ugzum. Ɣef umedya, ma nwala lḥeqq n tkebbaniyin n tɣawsiwin n tmurt am CK Infrastructure Holdings (Ticker: 1038), aya yezmer ad d-yesmekti s tmuɣli n tɣawsiwin n tmurt. Am wakken daɣen, axeddim ijehden deg ttawilat n yisalan am Tesnatwilt n Kuaishou (Ticker: 1024) yezmer ad d-yessken asenqes ijehden n yimseqdacen deg yiweẓla imaynuten. Tiskanin-a n tɣawsiwin n tɣawsiwin ttɛawanent imsenza ad sbedden asenqes-nsen deg ukatar n Nasdaq ay d-yellan s waṭas. Ur d-yettili ara kan ɣef uswir n tmuɣli, maca ɣef usdukkel n daxel n tmehla.

Tasnatwilt i Tɣimit i d-iteddun

I yimesnuzuyen i d-yesbedden tasertit n asenqed n nasdaq ass-a, sqedceḍ tazmert n tɣawsiwin daxel n uswir n tesnatwilt. Ismawen n Mega-cap ad kemmlen ad sbedden lḥess, maca tiḥuna n tɣawsiwin n tlemmast n tkebbanit ttakent-d tismektiwin n tḥila-tarrazt yelhan deg twennaḍt n wass-a. Ḥadret allen-nwen ɣef lɣella n 10 n yiseggasen; yal spike s wazal-is ad iḥettem index. Am wakken daɣen, asenqes n lɣella yezmer ad yeǧǧ teknoloji ad tkemmel abrid-is n usnerni.

Qqim s lqanun s yiswiren n usḥulfu n tɣawsiwin. Tagnit n tkerkas n ssuq n wass-a tessutur-d aḥareb n tḥila s lǧehd. Ḥadret iman-nwen seg usseqdec n tɣawsiwin s waṭas deg yiɛewwiqen n usqerdec ma yella ur d-yesban ara lḥess aḥric-nni. Tazmert n tmuɣli n ugzum d ameddakel-ik, maca teḥwaǧ tanemhalt tasertant. S uskasi ɣef tkebbaniyin yesɛan annerni n lfayda ibanen d tmuɣliwin n tɣawsiwin s lmeɛqul, tzemreḍ ad t-id-teḍferḍ s tɣawla ugar. Suq yettak-d tikci n tɣawsiwin s tɣawla ɣef uskasi ameqqran.

Iseqsiyen yettwasteqsan s waṭas

D acu i d lḥal n wass-a i lmend n uswir n Nasdaq?

Nasdaq la yettnerni tura s tɣawsa n tɣawsa n tɣawsa. Teṭṭef nnig yiswiren n tallelt ay d-yellan seg melmi kan ɣas akken rnan-d yidrimen n Tbanka n Tnezzut. Tazmert n ugzum tettɛawan deg uḥraz n tɣawsiwin deg uswir.

Anwi igzumen ay d-yettawin Nasdaq tura kan?

Mid-cap IT hardware d tmeẓdiyin n tmeẓdiyin ttbanent-d s tezmert n tmeẓdiyin. Aya yeḍfer-d rrbeḥ ijehden seg tkebbaniyin am Micron. Mega-cap tech yeqqim d aḥerfi maca yettak-d s tɣawla s tɣawla.

Amek ttḥazen yidrimen n Tbanka n Tnezzut (Trésor) axeddim n Nasdaq?

Ifarisen n Treasury yugar s umata ttḥettimen tiḥuna n tesnatwilt n tneflit tameqqrant s usḥulfu n tmerniwin n ssuma. Nasdaq yettḥulfu s yimukan n lfayda imi aṭas n tkebbaniyin n tesnatwilt (technologie) ay yettkelfen s tɣawsiwin n tedrimt ay d-yetteddun. Stable yields ttwaɛawnen i tmuɣliwin n teknoloji.

D acu-ten yiswiren igejdanen n tallelt n Nasdaq ass-a?

Tadukli n tɣawsiwin s tɣawla tettwaf qrib n tɣawsiwin n tlemmast n wass i d-yeffɣen seg melmi kan sdeffir ma ffɣen-d yisefka n tmerniwt n ssuma. Taggara ddaw n uswir-a tezmer ad teɛreḍ tlemmast n 50 n wussan yettmuddun. Tamenɣiwt tettwakkes-d s tɣawsiwin n Ṭuber ay d-yellan seg melmi kan.