May 31, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

AI Frenzy Pauses

Please click here for a chart of Broadcom stock (AVGO)

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of Broadcom stock is being used to illustrate the point.
• AVGO is a semiconductor company with presence in custom ASIC chips and networking chips.
• The chart shows the move up on Nvidia (NVDA) earnings.
• The chart shows a second move up on Marvell (MRVL) earnings.
• The chart shows when Wall Street’s buy pump started with positive comments and/or upgrades from JPMorgan (JPM), Evercore ISI, KeyBanc, and BMO Capital among others.