HOTTER PRODUCER PRICE INDEX, THE POWER OF ‘PICKS AND SHOVELS’ PLAY
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hotter Inflation
Please click here for a chart of Applied Materials stock (AMAT).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of AMAT stock is being used to illustrate the point.
- As we have been sharing with you, Applied Materials is the best “picks and shovels” play in artificial intelligence.
- Artificial intelligence needs more sophisticated chips. To manufacture more sophisticated chips, companies such as Taiwan Semiconductor (TSM) and Intel (INTC) are buying more sophisticated equipment to manufacture the chips.
February 16, 2024