Big, Big, Big Tech Story Today? ASML And TSM -- Part Two -- June 5, 2024

Locator: 48070TECH.

This will be a follow-up to an earlier post: https://themilliondollarway.blogspot.com/2024/06/big-big-big-tech-story-today-asml-and.html. 

Maybe I will go back and add a "Part One" to the subject heading of that blog, and call this "Part Two." 

After a most remarkable day, I was doing a lot of surfing to try to explain (to myself) what happened today with regard to the market. I spent a lot of time reading comments to the articles. I was negatively surprised by the number of folks (some/many/most) who seemed not to understand anything about "chips." That's why I posted so much about "chips."  It made all the difference in the world for me.

I was most amazed by those who said that the "run-up" by Nvidia "made no sense since chips were simply a commodity that China would someday exploit."

Wow.

Chips are not a commodity. Period. Dot. I've discussed it at length elsewhere.

So, I was thinking about that.

And then this popped up in my twitter feed (this is the Dutch ASML chipmaking machine):

Writing that Nvidia chips are commodities, is like saying the space rockets like the one launched today built by SpaceX and Boeing are commodities. 

[An aside: that was posted above by "Evan." If you want to subscribe, $4.99 / month -- 

isn't that amazing ... ]

But back to that ASML chip making machine -- weighs as much as two Airbus airplanes:

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Cramer

I was listening to Cramer tonight. He talked about Nvidia. He says he was alerted to this company by another investor more than a decade ago. 

Look at this:

Someday it will be interesting to read Huang Jensen's biography during this period.