Big-Tech’s PerformanceMacro Highlights This Week: Disappointing ADP; A Springtime for Crypto? “Trump vs. Musk” EscalatesThis week’s ADP data showed employment growth slowing to a two-year low, indicating a second consecutive month of cooling labor demand. This has raised concerns about economic momentum and could influence monetary policy. While a cooler labor market might pressure the Fed toward rate cuts, steady wage growth and tariffs may limit the room for such adjustments. Attention should also be paid to the discrepancies between ADP data and BLS non-farm payrolls, as well as the potential impact of subsequent revisions. $Circle Internet Corp.(CRCL)$ successfully debuted on the U.S. stock market as the "first stablecoin stock." Its IPO price
Record Revenue, Slowing AI: Still Worth Chasing AVGO After Earnings?
Broadcom's revenue for the second fiscal quarter hit a record high, with EPS continuing to grow by over 40%, beating expectations. AI revenue for the quarter rose by 46%, marking a noticeable slowdown from the previous quarter's 77% growth. Broadcom expects its AI chip revenue to increase for a tenth consecutive quarter in Q3, accelerating to $5.1 billion—but still 3.7% below some analysts' higher estimates. AVGO fell 4% in the overnight trading. The stock is still at highs as it set all time high yesterday. ---------- Is it worth chasing at a high level? Or wait for a fair price?
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