Broadcom Tomahawk 6 chip enters mass production; Nio withstands pressure to close higher | Today's important news recap

0604 | Dolphin Research Key Focus:

🐬 Macro/Industry

1、US President Trump will sign an executive order on Tuesday to formally increase steel and aluminum tariffs from 25% to 50%. This move aims to protect domestic industries but may raise consumer prices and trigger retaliation from trade partners. The tariff policy will take effect at 00:01 AM Eastern Time on June 4, 2025.

🐬 Stocks

1、$Broadcom(AVGO.US)

Broadcom officially announced the mass production of its flagship Tomahawk 6 networking chip, which offers a single-chip switching capacity of 102.4Tbps, doubling the bandwidth of existing Ethernet switches. It supports ultra-large-scale GPU cluster interconnectivity, with a single chip capable of driving up to 100,000 GPUs to work in tandem. The chip will compete with Nvidia's Spectrum-X, potentially impacting Nvidia's dominance in the AI infrastructure market. The product is expected to boost Broadcom's Q3 2025 data center revenue. Broadcom's stock recently hit an all-time high.

2、Key Earnings Reports and Conference Calls

Nio:《Nio: Empty Promises Won’t Help, Survival Comes First》、《Nio (1Q25 Minutes): Cutting Costs and Scaling Back—Can Nio Save Itself?》

🐬 Top Gainers by Sector

Shanghai/Shenzhen: Food Distributors, Consumer Retailers, Apparel & Accessories, and Luxury Goods;

Hong Kong: Tobacco, Agricultural Products, Diversified Financial Services;

US: Kitchenware, Independent Power and Renewable Energy, Motorcycle Manufacturers.

🐬 Tomorrow’s Focus

1、China Caixin Services PMI;

2、US Trade Balance.

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