NVDL241213C77500
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GraniteShares 2x Long NVDA Daily ETF Newsroom
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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.
Why the Stock Market Could Gain Another 20% in 2025
Broadcom's Market Cap has surpassed 1 trillion dollars for the first time, with strong sales in AI products.
Broadcom, which supplies chips to Apple and other large Technology companies, saw its stock price soar after predicting a significant increase in demand for its AI chips, with its Market Cap surpassing 1 trillion dollars for the first time. During a conference call following the Earnings Reports, the company stated that sales of AI products in the first fiscal quarter are expected to grow by 65%, far exceeding its overall Semiconductors growth rate of about 10%. This chip manufacturer also predicted that by the 2027 fiscal year, the potential market space for AI components designed for Datacenter operators could reach up to 90 billion dollars. Like NVIDIA, Broadcom positions itself as a major beneficiary of the AI spending spree. The company's CEO stated...
Express News | Form 144 | NVIDIA(NVDA.US) Officer Proposes to Sell 8.95 Million in Common Stocks
NVIDIA Options Spot-On: On December 13th, 4.97 Million Contracts Were Traded, With 28.13 Million Open Interest
Weekly Buzz: Tech stocks hit high scores on ominous day