bullish

Weekly Stock Bullfinder - Week of 5/29

320 Views28 May 2023 09:08
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SUMMARY
  • Semiconductors- “Big Money” Rabid Buying Spree Continues NVIDIA’s (NVDA) and Marvell’s (MRVL) earnings calls and forward guidance delivered this week resulted in earthquake shock re-rating to all things semiconductors on Thursday and Friday.
  • On Thursday, NVIDIA’s $198B market cap gain was the largest market cap gain in market history.
  • In the first quarter of this year, Microsoft gave clues that artificial intelligence would emerge as the next great computing platform and then this quarter it appears that Wall St. has woken up to the degree of significant data center retooling and infrastructure spending which will be required to support emerging artificial intelligence computing demand.
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