|Day Low/High||59.39 / 61.24|
|52 Wk Low/High||35.30 / 64.07|
Five G is about massive digitization for pretty much everything and it's simply not believed.
We can see a bullish setup on the weekly chart.
Everywhere I go I hear the smart money is betting on a recession, that earnings will be down, but every day something contradicts these bears.
You can't have the best of all possible worlds, or at least you can't have it for long.
But the question is what the Chinese are going to do to show they mean business ahead of the talks.
Though major chip suppliers shared both good and bad news in October, on the whole the positives outweighed the negatives.
Despite playing the industry and macro blame game on the conference call, TXN execs may have overstated the significance of those factors in the company's poor report and outlook.
The GPU giant has steadily grown its addressable market, in part by creating end-to-end solutions that pair its chips with complementary software.
A trade deal still seems far away, so check your China exposure, again, as earnings season approaches.
But whether the Chinese will make concessions will remains to be seen. So far, they have not given an inch, and they have the most to lose.
Marvell brushed off a light quarterly outlook, while Workday slumped in spite of raising its guidance. Valuations are a factor, but so are long-term expectations.
Huawei and the U.S.-China Trade Wars continue to weigh on many tech companies with Marvell being no exception.
Marvell isn't a quarter-to-quarter story and analysts are advising investors to treat it with longer-term targets in mind.
Marvell is having trouble moving forecasts as trade uncertainties temper optimism.
Though it would likely take a while for Apple to begin using its own 5G modem, doing so could yield major cost savings and also carry other benefits.
Checking out the latest charts and indicators.
Also, I'm not sure one needs to be in Broadcom, but if one were interested, this could be the discount that one has waited for.
There still appears to be plenty of interest among chip developers in further consolidation, and the easing of export restrictions on Huawei might make them less worried about Chinese regulators.
Analysts now expect an earnings recession to become reality after negative Q1 growth, and ahead of projected negative Q2 growth.