May. 13 at 10:04 PM
All these stocks hit new 52 WEEK HIGHS at some point today
ASML Holdings
$ASML
Cisco Systems
$CSCO
Nokia
$NOK
ON Semiconductor
$ON
Texas Instruments
$TXN
This list of 52-week highs marks a "revenge of the incumbents"! While the hype is on raw compute, the breakout in
$ASML's High-NA EUV orders and
$TXN's surging FCF guidance prove that without this foundational infra, AI is just a house of cards. Notably,
$CSCO and
$NOK reaching new heights suggests the global networking upgrade is finally hitting the edge.
Do you see this rally led by the "Old Guard" as a catch-up play or the dawn of a broad semi-cycle recovery? Which of these "legacy" giants has the most upside in your portfolio? Let’s debate!