Saxo Market Call The 9-minute: Stonx FTW!
9 snips
Nov 25, 2025 The latest market buzz features a surge in AI stocks, particularly Google and Broadcom, as competition heats up for Nvidia. Novo Nordisk faces challenges after disappointing Alzheimer trial results, impacting its stock. Broadcom has even surpassed Meta in market cap, reshaping top stock rankings. Geopolitical tensions are explored with U.S.-Ukraine talks influencing market sectors. Lastly, a brief dive into macro factors highlights yen interventions and upcoming U.S. economic data.
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Choppy Market Regime Persists
- Markets are chopping with high amplitude, driven by rotation rather than broad-based strength.
- Expect volatile, choppy action with potential short rallies but no clean trend.
AI And Hardware Power Recent Gains
- Big-cap AI names led gains, with Google and Broadcom showing particularly strong performance.
- AI hardware and model credibility are driving concentrated upside in tech stocks.
Peripheral Suppliers Matter In AI Stack
- Smaller suppliers like Celestica and Lumentum are surfacing as playmates in AI infrastructure.
- Optical switching and components may be critical enablers for TPU array performance.