Hey, it's Kramer and this is my morning take on the market from today's CBC Investing Club morning meeting. We do have some trades today. Yes, we do. Some profit taking at Broadcom. Right, there we go. So we're like everybody else. When we see something like InViddy, you say, well, who is that selling? Well, you see something like Broadcom, who's that selling? Well, we're selling.

We're selling because this is a parabolic move, and we don't like to do nothing when we see parabolic. Yeah, I mean, the stock was up 38% between Friday and Monday. You did have this really bullish outlook CEO, Hock Tan, provided on the earnings call, talking about having a leading share in this $60 to $90 billion

serviceable market in 2027 with its three AI customers.

These are custom chips.

But then he also talked about two new customers potentially for these custom XPUs.

Just a big gain, a big win, 190% gain on stock purchase in August, 2023. Just a lot of discipline here. Right, we knew of that kind of gain, you have to just discipline. Yeah. And we still have a ton of product come up. Yeah. But again, because the stock had made such a big two-day move, it became one of the largest in the portfolio. So some right sizing as well.

This is discipline.

This is so you don't get greedy, taking gains after a double this year.

Now let's talk about the tough one.

When I met with Matt Murphy last night from Marvell, who I've known for many, many years,

it was very clear that the new strategy of the hypers, the tech titans,

is to have GPU from Nvidia and then have these adjacencies, which are custom. Customs chips

from Broadcom, which we just talked about from Marvell. And there's no, you know, if you notice in

that universe, I'm not mentioning AMD. And And that's because AMD has not been able to crack this portion of the market.

They've also been hurt because the AIPC turned out to be not as robust as we thought.

That's the best by commentary.

And, you know, she, right size did. I, now, people have to understand how do mistakes get made?

Well, okay, so someone who's come to me when a stock is at five and says, you've got to get

on board. And another stock to say short it, which is Intel. Well, and it's so right, you do get a little

dazzled. You little dazzled.

You get dazzled.

And when she introduced this MI300 and talked about what she could do, there was no reason to doubt her.

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