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Thursday, June 13, 2024

Sell In May, Go Away -- June 12, 2024

Locator: 47832SELLINMAYGOAWAY.

This is June. The most recent "surge" began on June 11, 2024.

Tag: Nvidia, AMD, Tech, TSM.

For those who think the "tech" story is over-hyped.

Link here.

Meanwhile, key Nvidia supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is looking to hire nearly 2,000 employees from Europe through its subsidiary European Semiconductor Manufacturing Co (ESMC).

The move coincides with TSMC’s plans to start building a 12-inch wafer fab in Dresden in partnership with Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors NV (NASDAQ:NXPI).

Nvidia impresses the Street as the numero uno AI beneficiary backed by Blackwell’s launch. They also maintain that AMD’s market share gains in the client and server CPU market thanks to its product lineup.

Price Actions: NVDA shares were trading higher by 3.98% at $125.72 at the last check on Wednesday. AMD shares traded higher by 0.93% at $160.40.

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