The current market frenzy is far beyond the 2021 MEME STOCK MANIA
Retail investors are now spending a record 4.9 TIMES more money on semiconductor options contracts than the average seen since 2020, according to Citadel data. This is also exceeding the 2024 record by ~25%, when the AI chip frenzy first drove a surge in retail semiconductor options activity. In other words, retail investors are making record bets on semiconductor stocks. Source: Global Markets Investor, Citadel securities Afficher la traduction
Space ETF assets
Eric Balchunas, Bloomberg
Nasdaq at 875 trading days after the release of Netscape on 12/19/94: +144.55%.
Nasdaq at 875 trading days after the release of ChatGPT on 11/30/22: +144.77%. Past performance is no guarantee of future results! Source: Bespoke
Forward P/E Ratios...
Costco $COST: 45 Walmart $WMT: 36 Nvidia $NVDA: 17 Which one is the bubble? Source: Charlie Bilello
AI Race To Return On Investment
Only **Amazon** is expected to generate a positive return on its massive AI capex through 2030 — even under the most generous assumptions (zero costs). Microsoft: -9.2% Alphabet: -15.7% Meta: -28.8% Oracle: -35.6% The AI arms race is getting expensive. Source: FT BraVoCycles Newsletter
This market is all about tech. That goes for US as well as global markets.
Source: UBS, TME
Without AI, this market rally would look far less impressive.
$640 billion has been wiped out from Nvidia's market cap over the same period. Huawei's new chip architecture is now directly challenging the hardware scarcity narrative that supported Nvidia's $5 trillion valuation. Source: Bull Theory
SNOWFLAKE $SNOW STRIKES $6 BILLION DEAL WITH AMAZON $AMZN FOR AGENTIC COMPUTING CHIPS
$SNOW +27% IN AFTER-HOURS Q1 Adj EPS: $0.39 vs $0.32 est Q1 REV: $1.391B vs $1.324B est Source: Trend Spider
