Bullish Tom Lee
For those who have heard of him, would probably know that he has called for a 2023’s rally when most were bearish. Some say he’s a permanent bull.
Anyway, he has recently increased his price target from 4,750 to 4,825.
What’s interesting is that AI isn’t the main reason behind his revision. He’s actually bullish about the macro environnement such as falling inflation, slim chance of recession and better earnings estimates.
$SPDR S&P 500 ETF (SPY.US)$ $S&P 500 Index (.SPX.US)$ $Invesco QQQ Trust (QQQ.US)$ $Palantir (PLTR.US)$ $Sea (SE.US)$ $Grab Holdings (GRAB.US)$ $Amazon (AMZN.US)$ $Meta Platforms (META.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Nike (NKE.US)$ $Starbucks (SBUX.US)$ $Bank of America (BAC.US)$ $Alphabet-A (GOOGL.US)$ $NVIDIA (NVDA.US)$ $Taiwan Semiconductor (TSM.US)$ $Advanced Micro Devices (AMD.US)$
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Successful investing is about managing risk, not avoiding it. DYODD
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dwarrior : Can NVDA make chips without precious metal? Lol China is limiting their exports
TeslaSmurf : The US has to push the mining sector (more than what they are doing for the EVs supply chain). If not, they will depend on China or on unstable Latin-American countries… Though they get a relevant amount from Canada and Australia too. They MUST become self-sufficient then, of course, keep trading with all the others, but from a position of strenght.
72878051 TeslaSmurf : How easy is it, it's too expensive
TeslaSmurf 72878051 : Yes it is. Still, it’s better to have expensive material than to have nothing. Then, a few more dollars on the main chip wouldn’t affect much the final cost of the product.
Lemons68 dwarrior : Is the US restricting the export of chips to China