12/16

U.S. Stocks Slump Ahead of Jobs Data

1. investors began to have second thoughts about the future of the artificial-intelligence trade, and the outlook for the economy.

Fresh Concerns About AI Spending Are Rattling Wall Street

1. Broadcom’s AVGO worst day since the DeepSeek rout in January rekindled worries that investment in AI won’t yield the expected blockbuster profits any time soon.

2. I think it’s going to be a big question for the market: How patient are we going to be for these companies to get past the enthusiasm of the build-out of AI to the timeframe when we start expecting a return?

3.Broadcom provided the latest example of the dynamics on Friday. The chip designer late Thursday reported a record $18 billion in sales and strong profit growth. But the market’s response soured as investors zoomed in on questions about the margins of its custom AI chips, the timing of a massive commitment from OpenAI and the company’s ability to see over the horizon into 2027.

3. Some investors interpret the current anxiety, driven by high valuations of AI stocks and massive AI infrastructure spending, as a healthy sign of caution that suggests the market still has room to run.

4. He suggested that this broad worry is actually a contrarian(역발상) indicator signaling a more positive outlook for the market and the economy, supported by factors like the $7.7 trillion in assets held in money-market funds and continued corporate stock buybacks. 

-> 자사주 매입(저평가 암시)과 막대한 현금유보(언젠간 투자처를 찾아 이동)는 Dry powder(상방 연료)

 

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[뱅크샐러드 IPO] 23일 임시주총개최, 상장 작업 본격화

1. 비상장 기업들이 상장 예비심사 청구 전에 주식분산 요건 등을 충족하기 위해 주식 액면분할을 걸친다(통상적)- 상장 심사를 통과하려면 소액주주 의무 보유 비율을 맞춰야 하고 공모 과정에서 원활한 유동성이 공금돼야 해서 유통 주식 수의 확대가 선행됨

2. 현재 뱅크샐러드의 이사회는 사내이사2명, 기타비상무이사 2명으로 운영되고 있다. 상장사가 되기 위해서는 이사 총수의 1/4이상을 사외이사로 선임해야함

3. 누적 연결 매출, 연간 실적 등 외형 성장을 견인했지만 영업손실이 42억