Driven by AI, stock prices have risen for two consecutive days, reaching a new high. Several institutions on Wall Street have raised the Target Price for Broadcom (AVGO.US).
Broadcom's stock price has risen again by over 11%, closing at 250 dollars.
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U.S. Stocks Mining | Is the "NVIDIA Moment" coming? Broadcom surged nearly 40% in two days; Tesla continued to rise over 6% overnight, with the stock price aiming for 500 dollars.
Apart from Tesla and Broadcom, technology stocks such as Google, Marvell Technology, Amazon, and Apple reached new highs during yesterday's trading session.
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Is Broadcom a Buy?
Daily Options Tracking | Broadcom Options Volume has surged for two consecutive days! One Call order made a nearly 10-fold profit; Micron Calls soared to 78%, with large investors spending tens of millions of dollars on L to hedge against downside risks.
Impacting a market cap of 2 trillion dollars! Tesla's overnight close surged over 6% to reach a new high, with implied volatility rising to 80.49%. Options volume reached 3.05 million contracts; for this Friday's expiration, the call option with a strike price of 500 dollars had the highest volume at 0.116 million contracts, with an open interest of 0.044 million contracts.
Barclays raised Broadcom's Target Price to $205.
Gelonghui, December 17: Barclays raised Broadcom's Target Price from $200 to $205, maintaining a "Shareholding" rating. (Gelonghui)
Has Broadcom opened the era of AI Infrastructure 2.0? Another batch of companies on the US stock market has reached new highs, revealing these signals.
In contrast to the volatile trends with NVIDIA, a new batch of "Star Stocks" in the US AI Industry Chain is rising. These companies cover businesses such as AEC, DCI, storage, ASIC, and fiber optics, with several companies revealing strong orders, which may provide insights into the latest trends in AI Infrastructure investment.
Track Hyper | Broadcom beats NVIDIA: Shenzhen Woer Heat-shrinkable Material benefits from it.
Does the ASIC listing in the domestic market not affect making money.
Broadcom surged 38% in two days, and funds are beginning to layout this type of ETF against the trend.
Gelonghui, December 17 | Today, the A-share market fluctuated upwards, and high-position stocks continued to retreat. The Copper cable high-speed connectors and optical modules performed well, with Accelink Technologies, Eoptolink Technology Inc., and Zhongji Innolight all rising over 5%. In the U.S. stock market, leading chip stocks showed a mixed performance, with Broadcom surging 38% in two days, while NVIDIA weakened. In terms of news, Broadcom's AI revenue is expected to grow by 220% in fiscal year 2024, and AI product revenue is anticipated to increase by 65% year-on-year in the first fiscal quarter of 2025, currently developing AI chips in collaboration with three major clients. The market predicts that dedicated chips represented by ASIC may gradually replace GPU-represented chips.
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