2nm, is the winner already determined?
Taiwan Semiconductor's dominant position has raised concerns about its pricing power for the 2nm process. In the absence of viable competition, Taiwan Semiconductor has transformed from an 'effective' frontier monopolist into a true monopolist. This allows them to increase prices at will.
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Sell NVIDIA, buy Broadcom! What is the market saying on Friday?
Analysts pointed out that Wall Street is focusing on the demand for ASICs (Application-Specific Integrated Circuits) from major Technology companies, which may be one of the reasons for the drop in NVIDIA Stocks. In the coming years, custom chips will gradually take market share from expensive GPUs in the applications of generative AI.
U.S. stock market close | The Nasdaq 100 has risen for four consecutive weeks, Tesla's stock increased by over 4% reaching a new historical high, Broadcom surged over 24% after earnings with a market cap surpassing one trillion dollars.
The three major U.S. stock indexes closed mixed, with the Dow Jones falling for the seventh consecutive Trade day, marking the longest losing streak since 2020, as investors expect the Federal Reserve to slow the pace of interest rate cuts next week.
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Broadcom continues to enhance the bullish logic of AI, and the 'trillion-dollar club' in the US stock market is expected to expand to 10 companies | Highlights for tonight.
1. Trump is quite confused: six years ago he placed an order with Boeing for a new "Air Force One", which is set for delivery in 2029; 2. There are immense opportunities in the AI sector! Broadcom soared 17% in pre-market trading, teaming up with Taiwan Semiconductor to leap into the "trillion-dollar club"; 3. Bezos donated one million dollars to Trump's inauguration fund; 4. Goldman Sachs (China) has received approval for public fund sales qualifications.
US Stock Outlook | Is the unemployment rate in the USA showing warning signs? Societe Generale warns: there will be a risk of recession next year; AI chip stocks are soaring in pre-market, Broadcom has risen over 17% after earnings.
Meta has released a new AI model that will enhance the Metaverse experience; with multiple Bullish factors combined, Taiwan Semiconductor rose over 2% in pre-market trading; Eli Lilly and Co's Mounjaro has replaced Novo-Nordisk A/S's Wegovy, becoming the new favorite weight loss drug in the United Kingdom.
Evercore ISI Group Maintains Outperform on Broadcom, Raises Price Target to $250
Baird Maintains Outperform on Broadcom, Raises Price Target to $210