Hi All
It'll just be a short update today, as fundamentals have not changed. We are getting closer to potential rate cuts as inflation normalises. Consumer spending is stifling US GDP growth slightly however overall economy remains strong persistently healthy jobs data. With inflation inching closer to the 2% target, we may see a rate cut in September, and further cuts thereafter. This could prove to be a boon to the equities market going into 2025.
On the semiconductor side, I'm currently keeping a close eye on Qualcomm. They are looking to disrupt the PC space currently dominated by x86 processors with their ARM offering. the Snapdragon X Elite. Several models from different OEMs are due to release in the next couple months. It will be very interesting to see how they stack up against the traditional competition and whether they can capture any market share. I will be looking to adjust my portfolio accordingly based on how well ARM is received by PC users in the next couple of quarters.
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Not investment advice. The author may have financial interests in the mentioned instruments.
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