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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.
Elon Musk Can Now Appeal To Restore His $56 Billion Tesla Pay Package: Report
Tesla Hikes Model S Price By Whopping $5,000 In US
Options Market Statistics: Broadcom Shares Surged Over 24% to Top $1 Trillion Valuation; Options Pop
After the iPhone, Apple has manufactured AirPods in India for the first time.
Apple's supplier, Foxconn Technology Group, will be responsible for the project at the new factory near Hyderabad in Telangana. The factory has begun trial production and is expected to go into full production in the first quarter of next year.
Negative Market Breadth, Hot Inflation Data Snaps S&P 500's Three-week Win Streak
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SoundHound Gains 20%+ as Broadcom Rally Lifts Several AI-Related Stocks
Wall Street Retreats As Treasuries Suffer Worst Week In Over A Year, Broadcom Soars, Bitcoin Rebounds: What's Driving Markets Friday?