Rise and shine everyone.
So, Nvidia claims that they were not served by the DoJ. While we know that there is some truth in the investigation there, it doesn’t seem to be as bad as the news made it out to be.
TSMC also dismissed claims that the AI growth story was slowing… but, then they have reason to say that because otherwise it hurts their cause. But analysts are starting to question the story, as we heard yesterday that UBS lowered its rating to a hold on ASML.
Finally, we have Broadcom (AVGO) earnings today and that should tell us more about what’s going on.