NVIDIA steigt bei Marvell ein | Trump knickt im Iran-Krieg zunehmend ein.
NVIDIA announces a $2 billion investment in Marvell Technology for AI chip integration. Reports suggest Trump may be willing to end Iran military operations even if the Strait of Hormuz remains closed, raising concerns about oil transport and regional stability.
Summary
The broadcast covers several major market developments. NVIDIA, the world's largest company, announced a $2 billion investment in Marvell Technology as part of a partnership to integrate Marvell's AI chips with NVIDIA's processors and networks. This deal is seen as NVIDIA's first major acquisition activity. The food sector also saw significant M&A activity with Unilever and McCormick combining in a $15.7 billion cash deal, expected to generate 3-5% growth rates from the third year. Multiple other acquisitions were announced including Biogen buying Appellis for $5.6 billion and Eli Lilly acquiring Centessa for $6.3 billion. On geopolitical matters, Wall Street Journal reports suggest Trump is internally communicating willingness to end Iran war operations even if the Strait of Hormuz remains closed, potentially allowing Iran to collect tolls from ships. Trump's social media posts appear to confirm this, demanding countries either buy US energy or secure their own oil transport. Analysts from Wells Fargo lowered S&P 500 year-end targets from 7800 to 7300 points but remain structurally optimistic, noting that capital flows into US equities remain surprisingly positive despite market stress. Morgan Stanley similarly views the US market correction as advanced, with valuations down 17% based on forward P/E ratios, and emphasizes US energy independence as an advantage over other regions.
About this episode
Wir starten an der Wall Street fest in den Tag, wobei die Bilanz der letzten Wochen schwach ausfällt. Der S&P 500 verbuchte seit Jahresauftakt nur drei freundliche Wochen und steuert auf sein schwächstes Quartal seit 2022 zu. Seit fünf Wochen schmilzt die Wall Street kontinuierlich ab. Was heute für Stimmung sorgt, ist die Meldung, dass NVIDIA eine 2 Mrd. US-Dollar Beteiligung an Marvell Technology erwirbt. Außerdem berichtet das Wall Street Journal, daß Donald Trump bereit zu sein scheint, den Militäreinsatz gegen Iran zu beenden, selbst wenn die Straße von Hormus weitgehend geschlossen bleibt. Demnach sei eine vollständige Öffnung des Nadelöhrs militärisch zu zeitaufwendig und würde den geplanten US-Rahmen von vier bis sechs Wochen sprengen. Stattdessen wolle Washington die wichtigsten Ziele, die Schwächung der iranischen Marine und Raketenkapazitäten, als erreicht ansehen und den Konflikt zurückfahren, während gleichzeitig diplomatischer Druck auf Teheran aufgebaut wird. Mal abgesehen davon, dass dieser Ausgang für die Region ein Desaster wäre, stellt sich die Frage, wie Israel darauf reagieren würde. Morgan Stanley wird vorsichtiger, empfiehlt mehr Liquidität und US-Staatsanleihen und stuft globale Aktien zurück. Was US-Aktien betrifft, ist man wegen der fortgeschrittenen Korrektur konstruktiver. Wells Fargo bleibt ebenfalls zurückhaltend. Die Jahresendziele für den S&P 500 werden von 7800 auf 7300 gesenkt, und die Strategen bemängeln, dass der finale Washout aktuell noch fehle. Ein Podcast - featured by Handelsblatt. +++ Alle Rabattcodes und Infos zu unseren Werbepartnern findet ihr hier: https://linktr.ee/wallstreet_podcast +++ Impressum: https://www.360wallstreet.de/impressum *Werbung
Key Insights
- Wells Fargo argues that despite market corrections, capital flows into US equity ETFs and funds remain surprisingly positive, suggesting investors haven't truly capitulated and a final 'washout' may still be needed
- Morgan Stanley claims the US Federal Reserve understands the current situation is a supply shock, making US interest rate hikes unlikely until at least September despite rising inflation
- The speaker argues Trump has damaged trust globally by withdrawing from a war he initiated with Israel, leaving NATO allies uninformed and now expecting them to secure the Strait of Hormuz without consultation
- Wells Fargo maintains that the US benefits from energy independence compared to other regions, while the EZB will likely continue raising rates by about 50 basis points, creating additional pressure on European markets
- Morgan Stanley states that the uncertainty about the duration of the Iran conflict makes outcomes for risk assets increasingly asymmetric, with downside risks significantly elevated
Topics
Transcript
Today is Tuesday, March 31st. Welcome to the Opening Bell, featured by Handelsblatt. We start at the Wall Street Fest in the day, where the balance for the year is bitter. We look at the weakest quarter since 2022. Marvel Technology. Nvidia buys a $2 billion share. That covers both values and the tech sector. Media reports also signal that Donald Trump could be ready to end military operations against Iran, even if the street of Hormuz is largely closed. That raises many questions. At Wall Street we see a friendly trend, at least in the early hours. So, a nice good morning. You've already noticed, a little later than usual, we have an incredible number of news this morning,…
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