Big, Big, Big Tech Story Today? ASML And TSM; The Economy Slowing Down -- Part One -- Fed Needs To Do Something But Fed Absolutely Doesn't Want To Add Fuel To Bull Market; On Top Of That, Running Out Of Time With Election Around The Corner -- June 5, 2024

Locator: 48065TECH.

NASDAQ surged 330 points today. On the strength of "chips."  Cramer on Huang Jensen:

• I don't think I've ever seen anyone as influential to the value of US equities."
• has started nothing less than "an American revolution."

After-hours: LULU up 11% after hours. 

Market: S&P 500 and the NASDAQ close at all-time highs. VIX well below 14.

Fed: does anyone really think the Fed will cut rates with the market doing this?

 Chips, semiconductor: link here.

• Home page for tech: link here.
• The cloud: link here.  
• Streaming: link here. Streaming wars.
• Spatial computing: link here.
• Generative AI: link here. 
• Apple Silicon: link here.
• tech: chip count updates.
• Supercomputers: link here.
• Data centers: link here.
  

Locator: 10001TECH.

I think a lot of folks don't understand why the "AI" market jumped today. What happened?

The background is in the links above.

Today's news is seen in this one screenshot:

Based on comments on social media it appears many / most folks don't understand what this is all about. And if they don't learn, it's only going to get worse (for them). 

ASML: link here.

Market cap race. It does not matter. These three companies are not in direct competition with each other.  The market cap does not matter, but it is fascinating to watch. Microsoft and Apple are on a treadmill; they need to keep running faster just to stay in one place without falling off the treadmill. Nvidia is on an open quarter-mile track with no other runners; Nvdia is on the track alone, trying to better its own time.

It will be fascinating to watch NVID when it splits at the end of the week. 

The big story: ASML and TSM. And don't forget: TSM and AAPL are joined at the hips. A big, big deal. A reminder, Microsoft now partners with Qualcomm. Another huge story. 

IYKYK.

TSM up over 6% today.

ASML up as much as 9% today.

QCOM up 3% today.

MU up 5% today. 

AMD up 4%.

NVDA / AAPL; market cap rate -- link here. Be sure to read comments at the story. Many/most don't understand. Anyone who suggests chips are a commodity is a doofus. That's like saying that cars (everything from the Ferrari and Lamborghini to the Chevy Volt) are a commodity.

What's BRK doing today? BRK-B dropped from 410.5 to 406 at the open but then recovered to 409.89 near the close. Right now, BRK-B shows a 0.1% gain for the day. I hate to think how much money Warren Buffett left on the table when he bought/sold TSM in a six-month stretch.

**************************

Disclaimer Briefly Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 

*****************************