UBS: With TSMC as a Strong Backing, ASM's Core Business Enters a Fast Track of Growth

After a simultaneous technical and position-based recovery in the US stock market, Goldman Sachs, Morgan Stanley, and JPMorgan have successively signaled a year-end rebound. Extremely light positions, mean reversion of valuations, and seasonal support together create conditions for a short squeeze. However, global manufacturing import price inflation has annualized at around 24%, surpassing the pandemic peak, and the inflation bill will come due intensively in the first quarter of next year. Goldman Sachs warns that once the year-end rally materializes, it may exhaust future upside potential.

As Anthropic gears up for its IPO, CEO Amodei remains deliberately low-key during the roadshow, emphasizing "under-promise and over-deliver," and appears calm regarding market volatility at the time of listing. In response to fluctuations in the AI sector and the Nvidia situation, Amodei stated he is not particularly concerned about the specific month of listing or market conditions, and frankly admits that allocation of computing power is "the most fundamental business challenge."

On Friday local time, SpaceX conducted its 15th Starship flight mission in Texas.

Anthropic will launch what is set to be the largest IPO in history next week, aiming to take this title from SpaceX. However, unlike Elon Musk’s conglomerate, large investors will have greater influence over its IPO pricing amid the ongoing turbulence in the artificial intelligence (AI) market.