The comeback in text talks this year it hasn't exactly been a loved one many have argued that this is a low quality rally the speculative

Unprofitable names leading the way little fundamentals to back it up but then there is the chip space

Moving higher this year on the notion that chip inventory levels and demand will bottom in the first half of the year,

and recovery or at least a stabilization can begin in the second half.

Plus, chips are, of course, as you've heard by now a key part of the

hot new AI chat gpity story. Even if consumer in enterprise spending is in

decline, generative AI that's creating excitement for NVIDIA and gpus also sub-sectors like memory and network. of And in video of course the new big tech leadership up 60%. The latest earnings though

they do tell a bit more of a mixed story. Marval shares lower today on a week or

outlook but the street asks does that guide suggest that the worst is now behind it?

Not yet at least, as you can see, shares down nearly 9%.

Broadcom though, on the other hand, moving higher,

Hawk Tan says they expect to see a quote exponential rise

and demand for its networking chips this year as the

Cloud Giants look to deploy more generative AI in their systems.

I think it's still early innings on generative AI, but we obviously are also indicating

as we are seeing a very strong and a sense of urgency among our customers, especially in the

hyperscale environment, to be to not miss out not to be late in this trend.

And we have seen a lot of urgency and excitement this week.

So as that continues around Chat, GPT,

and more companies jump on the bandwagon,

you could argue the market is going to be looking

for more of these ancillary winners.

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