U.S. Copper Stockpiles Surge to 30-Year High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 hours ago
0mins
Should l Buy GOOG?
Source: Yahoo Finance
- Inventory Surge: U.S. copper stockpiles have reached 590,000 short tons, marking a nearly 300% increase over the past year and the highest level in over 30 years, reflecting heightened market tensions amid trade war concerns.
- Tariff Anticipation: Traders are rushing copper into the U.S. to avoid potential tariffs of 15%-25%, resulting in a local surplus even as global markets tighten, indicating a strategic preemptive move.
- Market Warning: While the high inventory appears substantial, it may be temporary in a structurally tight market, with Goldman Sachs predicting that once tariff uncertainties clear by mid-2026, much of this metal could exit the U.S., potentially causing a short-term price dip.
- Long-Term Outlook: Although the U.S. faces a copper glut in the short term, the long-term scenario suggests a looming shortage driven by AI and electrification demands, necessitating caution from investors navigating these market dynamics.
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Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 309.370
Low
255.00
Averages
336.08
High
400.00
Current: 309.370
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Industry Impact: The rollout of Claude Cowork negatively affected several business software companies, with Salesforce, Intuit, and Atlassian experiencing stock declines of 27.9%, 33%, and 41.6%, respectively, reflecting market fears that AI tools could replace traditional SaaS platforms.
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See More
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- Data Center Investment Driving Growth: Major tech companies like Alphabet, Meta, and Amazon plan to increase capital expenditures to nearly $500 billion in 2023, primarily for AI data center construction, which will directly boost Nvidia's processor sales and solidify its 81% market share.
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See More
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