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Will Microsoft stops falling? And Where?
Q2 Earnings Special: Big Banks In Divergence
2.Here are the stocks mentioned by the above Tigers: $NVIDIA Corp(NVDA)$ $ASML Holding NV(ASML)$ $Citigroup(C)$ $Morgan Stanley(MS)$ $Goldman Sachs(GS)$ $Bank of America(BAC)$ $Wells Fargo(WFC)$ (Not investment advice)
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Below are Today's Key Takeaways.
Top News Move the Market
The S&P 500 and the Nasdaq tumbled on Wednesday as plunging microchip shares, in the face of potential escalation of U.S. trade conflicts with China, exacerbated the ongoing rotation out of megacap tech-related stocks.
$NVIDIA Corp(NVDA)$ was down 6.6% after falling 1.6% on Tuesday, Micron Technology declined 6.3% after dropping 2.6% in the previous session, and server maker Super Micro Computer was down 6.9% after finishing down 2.3% on Tuesday. Advanced Micro Devices and Applied Materials also tumbled Wednesday, falling about 10% each.
$ASML Holding NV(ASML)$ the Dutch semiconductor-manufacturing equipment company, reported second-quarter earnings and orders that topped analystsβ expectations. But the stock was down 13% after a Bloomberg report said the Biden administration has told allies it is considering using the most severe trade restrictions available on exports to China if companies such as ASML continue selling chipmaking machinery to the country.
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I bought in between $128 - $131 and I am not worried but its unfortenate to see Micron which is a great undervalued and underappriciated tech stocks we bought in at a bad time and Companies like Nvidia, Broadcom etc are extremely overvalued but micron is in a similar sector so they are all tied but I will continue to hold and even buy in more as it goes down, low debt, a lot of cash, now it has free cashflow, similar float to Nvidia before the boom happened, a nice looking balance sheet as well!
I just bought META today, I regret not buying it earlier. I bought NVDA at $120 before stock split, but still hold it
IMO META is better priced than NVDA today long run.
I believe that with AI, huge market cap tech companies will continue to expand and absolutely dominate. That means NVDA, MSFT, AAPL, and GOOG.
I avoid META and TSLA personally.
Speculative bets are also on RDDT and COST.
I own a lot of Microsoft shares, but they are much more than an AI company. I would like to buy Nividia shares for long term holding, but I'm still not feeling the practicality of AI as a whole. It still seems like a novelty, similiar to VR technology.
Wow!! Thank you Mr. Market. Just bought 3k more. For me, this is an extraordinary buy-in opportunity. In the end, MU shall be a beneficiary of any push to onshore chip production to the US. We'll see. GLTA