To The Moon

Hello Tigers!

On the US stock market, the $NASDAQ(.IXIC)$ and $S&P 500(.SPX)$ indices continue to reach new highs on Wednesday. [Miser]

Semiconductor stocks like $NVIDIA Corp(NVDA)$, $Taiwan Semiconductor Manufacturing(TSM)$, $Micron Technology(MU)$ & $Lattice Semiconductor(LSCC)$ shot to all-time highs.

Are you in on the semi-stock ride?

​Key Factors Driving Each Stock Price Increase:

1. NVIDIA's Market-Surfing Leap: Surpassing Apple and AI's Industrial Revolution"

• Computex 2024 Highlight: $NVIDIA Corp(NVDA)$ 's stock price jumped over 5%, valuing the company at $3.01 trillion and topping $Apple(AAPL)$ ′s 3 trillion for the first time since 2002. [Cool]

• Jensen Huang's Vision: At a keynote on June 2nd, $NVIDIA Corp(NVDA)$ 's founder emphasized an annual chip upgrade strategy, adhering to a "one rhythm, one architecture" approach, signaling a commitment to innovation. [Great]

• AI's Industrial Impact: Huang envisions a new computing era with the emergence of the AI Factory, positioning $NVIDIA Corp(NVDA)$ at the forefront of a generative AI-driven industrial revolution.

2.NVIDIA's Boost Also Sends $Taiwan Semiconductor Manufacturing(TSM)$ to New Highs

• TSM, the leading foundry company that cooperates with Nvidia, Jensen Huang have announced that TSMC is the only the Blackwell chip production partner of Nvidia's "world's most powerful chip".[Shy] The company's CEO expects the development of AI to drive the chip market to grow by 10% in 2024. [Evil]

• This Tuesday, after TSM's annual shareholders' meeting, the company's new chairman CC Wei hinted that due to increased market demand, the company is also considering raising the price of artificial intelligence chip foundry services, and they have discussed this issue with Jensen Huang. [Thinking]

• TSM is also producing the latest AI chips for technology giants such as $Qualcomm(QCOM)$, $Intel(INTC)$ and $Advanced Micro Devices(AMD)$ . TSM's technological leadership puts it in a favorable position in the semiconductor industry and can seize and grasp the future opportunities related to AI and high-performance computing (HPC).

3. $Micron Technology(MU)$ $Lattice Semiconductor(LSCC)$ $CREDO TECHNOLOGY GROUP HOLDING LTD(CRDO)$ also hit all time highs：

At the recent Taipei International Computex 2024 Show, $Micron Technology(MU)$ also announced the launch of a new generation of GDDR7 video memory. This GPU graphics card memory uses its 1βDRAM architecture, with a memory performance rate of up to 32Gb/s, and a video memory rate that is 60% higher than GDDR6. This video memory can be used in AI, games, and high-performance computing.

$Micron Technology(MU)$ said that in generative AI workloads, the new memory will increase throughput by more than 33% and reduce response time by 20%, making popular applications such as text-to-image generation faster. It is reported that technology companies including $Advanced Micro Devices(AMD)$ will cooperate with the first GDDR7 in the United States. AMD is expected to use the new memory solution in its future gaming GPUs. [Strong]

Have you taken advantage of the semiconductor boom? Any other stocks on the way to All-time high [Applaud]