Dan Bin Bullish on Nvidia, Broadcom, TSMC Amid AI Cycle Early Stage

Dan Bin views AI cycle as early-stage with massive demand potential. He highlights accelerating hyperscaler growth and expects capital to return to quality tech assets like NVDA, AVGO, and TSM.

Woofun AI notes that Dan Bin, Chairman of Oriental Harbor, maintains a bullish stance on the long-term potential of the AI sector, characterizing the current cycle as still in its early stages. He argues that unlike previous technological shifts, AI delivers "intelligence" with enormous demand space, suggesting that current skepticism over tech giants' capital expenditures mirrors past doubts about Amazon AWS, which ultimately proved transformative. Bin points out that while the recent memory chip correction highlights cyclical risks and requires technical repair, funds may shift toward application-layer companies with stronger fundamentals. He remains optimistic about high-quality tech firms such as Nvidia, Broadcom, and TSMC.

Additionally, Bin cites July earnings data showing accelerating growth at hyperscale providers: AWS annualized revenue reached approximately $169 billion (up 37% YoY), Azure hit $124 billion (up 43% YoY), and Google Cloud achieved $99 billion (up 82% YoY). He anticipates the tech stock correction may be ending in August, with extreme pessimism and high short positions potentially driving subsequent market gains.