TMT Today

TMT markets are seeing a bid in Semis and AI winners ahead of NVDA earnings, despite a breakdown in Samsung labor talks and recent extreme momentum retracement. Software and Internet stocks remain under pressure as hedge funds take profits in the high-flying semiconductor sector.

Key Takeaways

• 1.The recent retracement in the TMT Momentum Pair reached -22% at the wides, a magnitude consistent with the most extreme retracements of the last three years.
• 2.Samsung faces a general work stoppage at its chip plants after labor negotiations broke down, threatening the global semiconductor supply chain.
• 3.There is a pronounced negative correlation between Semiconductors/AI winners (broadly bid up) and the Software/Internet cohort (offered lower).

Table of Contents

• TMT NEWS
• GS PB: Prime Insights and Analytics Chart Pack
• MACRO
• TRADING
• RESEARCH
• STREET ACTIONS
• EVENTS

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