Sentiment in the U.S. remains strong, with Nasdaq 100 (US100) futures climbing nearly 0.7% ahead of the Wall Street open. Oil prices are down roughly 2.5%, but despite the pullback in crude, Bitcoin continues to weaken and is now down around 10% from recent local highs. Precious metals are also under pressure, with silver falling nearly 3% and gold extending yesterday’s selloff with another 1.6% decline. EUR/USD is posting slight gains.
(summary in progress)
EU50 (D1 interval)
Source: xStation5
Billionaire Philippe Laffont bets on ASML as UBS calls it Europe’s “top semiconductor stock”
The AI boom has focused investor attention primarily on chip designers such as Nvidia. However, billionaire hedge fund manager Philippe Laffont, founder of Coatue Management invests in another part of the semiconductor supply chain - ASML, the company supplying the critical machines needed to manufacture the world’s most advanced chips.
In the first quarter, Coatue Management built a major stake in ASML Holding, purchasing 510,000 shares worth approximately $655.4 million while simultaneously reducing its exposure to Nvidia. The move may suggest that some investors are increasingly seeking exposure not only to chip designers, but also to semiconductor infrastructure companies without which the AI revolution would not be possible.
Bullish sentiment around ASML is also visible on Wall Street. Analysts at UBS recently called ASML the top semiconductor stock in Europe, highlighting the company’s dominant position in EUV lithography - a technology considered essential for manufacturing cutting-edge AI processors. As global semiconductor spending accelerates, ASML is increasingly being viewed as one of the most strategically important companies in the global technology supply chain.
Source: xStation5
PDD shares plunge over 7% following earnings report⏰
Nvidia and 150 Billion Reasons Why Taiwan Is Becoming the Center of the AI World
Daily Summary: Semiconductors lift Nasdaq to new highs; DJIA under pressure
Space stocks surge as Wall Street awaits SpaceX IPO 📈
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
