Metaverse is a virtual world or universe that is created and sustained by the internet, where users can meet and create with one another in real-time through a personalized character or avatar. Metaverse uses open architecture, so anyone can create and build their own virtual spaces within the larger virtual environment, effectively building the metaverse itself. Metaverse has its origins in science fiction, but has gained popularity as advancements in technology have made it possible to create immersive virtual environments that replicate real-world experiences. These environments are often created using VR (virtual reality) or AR (augmented reality) technologies, which allow users to feel, move and interact as if they are truly present within the virtual space. Technology giants such as Nvidia, Meta, and Google are investing in the Metaverse, driving its popularity and creating new market opportunities.
Broadcom, Costco, Intuitive Machines, Walgreens, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
The after-hours price surged nearly 13%, rekindling hopes for a rise in the AI Concept within the U.S. stock market.
① Broadcom released better-than-expected Earnings Reports on Thursday, with first-quarter revenue of 14.92 billion dollars, and revenue from AI chips surged 77% to 4.1 billion dollars; ② Broadcom is optimistic, forecasting second-quarter revenue of about 14.9 billion dollars, with AI chip revenue reaching 4.4 billion dollars; ③ Broadcom also revealed that it is collaborating with four major customers to develop custom chips, which will further enhance its profit prospects.
Express News | In Overnight Trading, Broadcom Soars While HPE, BBAI Plummet Following Their Financial Results, LUNR Extends Losses for Space Mission Failure
Trader’s Edge (7 Mar 2025) - Trade Tension Batters US Equities; BNM Keeps OPR at 3.0%
Earnings Call Summary | Broadcom(AVGO.US) Q1 2025 Earnings Conference
The Nasdaq has fallen nearly 10% in two weeks, with chip stocks facing heavy short-selling.
In yesterday's Nasdaq crash, chip stocks led the decline, with the PHLX Semiconductor Index plummeting by 4.5%. Short sellers are aggressively shorting Technology stocks, pushing the shorting costs for the VanEck Semiconductor ETF to this year's highest point. The market is worried that Trump's trade disputes, stubborn inflation in the USA, and large-scale layoffs dominated by DOGE could trigger a recession or even stagflation in the USA. Additionally, the improvement of AI capabilities in China has sparked market concerns about the future demand for chips.