Weekend Reading | Why Buffett Took a Heavy Position in Google Instead of NVIDIA?

Why did Berkshire Hathaway, which didn't even invest in NVIDIA, choose to invest in Google?

Zimubang10:58

Stock price plunges after stellar earnings report? Broadcom CEO: 'I never care about the stock price. If we obsess over technology, customers won’t leave. I’m bullish on the ‘Broadcom–Google–Anthropic’ iron triangle.'

Broadcom CEO Hock Tan confirmed for the first time that the company's custom AI chip developed in collaboration with OpenAI is progressing smoothly, does not require Microsoft's approval, and will enter mass production 'later this year.' He also revealed that Broadcom is deeply integrated with Google's TPU to compete against NVIDIA and has achieved remarkable technological returns from its early bet on Anthropic. Citing the insatiable demand for AI computing power, Tan projected that the company’s revenue will more than double over the next two years, adding over $50 billion, and emphasized that Broadcom will focus exclusively on organic growth for now and is not considering mergers or acquisitions.

wallstreetcn09:44

Bond giants are buying bonds in preparation for an AI bubble burst.

Robert Cohen, portfolio manager at DoubleLine Capital, believes that while bond prices and valuations are not yet overheated, they will undoubtedly reach bubble levels in the coming months or years as technology companies continue to pour massive investments into AI. Investors need to seek out targets that can survive through structural arrangements or strong balance sheets.

wallstreetcn09:30

Bull Market or Bubble? 1997 Is Unfolding Again

Against the backdrop of sustained sharp gains and valuations at historically high levels, even a minor deviation in expectations has triggered market concerns about an overheated 'AI bubble.'

Zhitong Finance08:33

Markets are range-bound, with expectations of a rate hike before year-end gaining traction.

Market Summary for Last Week (June 1–5): Dow Inc. Average – High: $51,660.40; Low: $50,687.07; Closing: $50,866.78; Week-over-week change: -0.32%. The market traded sideways amid growing speculation about a potential rate hike within the year. In the first half of the week, optimism over progress in peace negotiations with Iran dominated sentiment. However, this optimism waned later in the week as tensions with Iran escalated, diminishing hopes for a peace agreement. Additionally, Broadcom’s sharp post-earnings decline weighed heavily on semiconductor-related stocks. At week-end, May employment data on nonfarm payrolls...

Fisco Japan06:10

Market indecision emerged as Broadcom plunged, highlighting growing concerns over overheating in AI-related stocks.

Market Summary for the Week of June 1–5: The Nikkei 225 reached a high of ¥68,786.49, a low of ¥65,551.13, and closed at ¥66,588.12, up 0.39% from the previous week. Market sentiment was mixed. The index rose sharply midweek, hitting its weekly high of ¥68,786 on June 3, buoyed by gains in U.S. semiconductor stocks and continued investor enthusiasm for artificial intelligence (AI)-related shares. However, sentiment reversed afterward as profit-taking emerged in AI-related stocks.

Fisco Japan06:08