Semiconductor-related stocks at a great buying opportunity? Share prices declined after NVIDIA's 3Q earnings report.
Leading U.S. Semiconductor Giant Driving Semiconductor Stocks $NVIDIA (NVDA.US)$Stocks temporarily fell by about 2% in after-hours trading following the earnings release for the August-October 2023 (Q3 of the fiscal year ending January 2024) period announced after the U.S. market closed on the 21st. In a move influenced by NVIDIA's stock movement, many of Japan's major semiconductor-related stocks on the 22nd also declined in value. However, given NVIDIA's strong performance, there is a possibility that Japan's semiconductor-related stocks could present a great buying opportunity.
NVIDIA's earnings for the August-October 2023 (Q3 of the fiscal year ending January 2024) period were record highs in both revenue and profit, exceeding market expectations. Regarding the reasons for the stock price decline after the earnings report, Bloomberg and the Nikkei have pointed to expectations of a significant decrease in revenue from China operations in the future, as well as the fact that the sales forecasts for Q4 did not meet some of the higher expectations.
In addition, Wolf Research analyst Christopher Carsow mentioned in a customer report the investors' 'unrealistic expectationsAccording to Bloomberg on the 22nd, the surge in stock prices before the earnings reports are believed to be one of the reasons for the subsequent price drop. Nvidia's stock price rose for 10 consecutive days in November. The upward trend continued, and on the 20th, the day before the earnings announcement, it reached an all-time high since listing. Led by Nvidia's stock, domestic semiconductor-related stocks were also rising.
Mitsunari Akino, an executive at Ichiyoshi Asset Management, stated in a Bloomberg phone interview on the 22nd that, "Investors who had been buying ahead of semiconductor-related stocks are more likely to sell to secure profits. On the other hand,Since the earnings content was strong as expected, expectations for AI development continue to rise, so there is also likely to be buying on dips."
Mitsunari Akino, an executive at Ichiyoshi Asset Management, stated in a Bloomberg phone interview on the 22nd that, "Investors who had been buying ahead of semiconductor-related stocks are more likely to sell to secure profits. On the other hand,Since the earnings content was strong as expected, expectations for AI development continue to rise, so there is also likely to be buying on dips."
Related stocks: $Screen Holdings (7735.JP)$、 $Renesas Electronics (6723.JP)$、 $Lasertec (6920.JP)$、 $Tokyo Seimitsu (7729.JP)$、 $Disco (6146.JP)$、 $Tokyo Electron (8035.JP)$、 $Advantest (6857.JP)$、 $Shin-Etsu Chemical (4063.JP)$、 $Ibiden (4062.JP)$、 $Shinko Electric Industries (6967.JP)$、 $Tokyo Ohka Kogyo (4186.JP)$
-moomoo News Mark
Source: Bloomberg, Nikkei, moomoo
Source: Bloomberg, Nikkei, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
181338057犬心久美子 : At least 78 years ago, it became impossible to talk about the country and market called Japan without America. That could be in a bad way or in a good way.
, and even so,
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.
which I like there,
until early morning, especially at NY Market![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
is also remarkable, isn't it?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Semiconductors depend on the part
It's not a place to talk about history, so that's it.
I updated Monster Level NVIDIA's financial results the other day and the high price since listing
Aim for the blue sky next week and go high, high
Each indicator is also messy
It's definitely true that the companion is decent
There are various Japanese semiconductor companies that accept it,
I wonder if it was about half a century ago... semiconductors
It was number 18 for the first time in Japan, and its technical prowess and development were inadequate even in America
However, although it is America
Japan's semiconductors are rooted in America
They were suppressed, and in the blink of an eye, they handed over the throne to another country. So... that era and now are of course different,
From around this year, quietly, little by little
Japan Semiconductor says it has begun to demonstrate its capabilities
I think so. It's not within the scale or budget,
Small to medium enterprises that support major semiconductor companies
Research results have been produced, and they have begun to make a breakthrough from a different angle that major companies do not have. So...
For example, interest rates on American bonds remain high, etc.
Magnificent Seven and NASDAQ
It's negative, and even if it closes the next day's
What are semiconductor companies on the Tokyo Stock Exchange Prime
Have your own route without getting involved...
I was able to catch a lot of glimpses when I went.
Huh
Even though semiconductor-related heat maps are bright red.
... well, little by little, as time changes
Is it something that's going to change? I also felt it.
of course! It's something I can't talk about without the exchange rate situation, but monetary easing 🟰 Japan only
What is an island country that floats for a long time from north to south in the Far East
The uniqueness of Japan
It's already been taken out, but Computer K,
When Fugaku was completed, I was delighted even though I didn't know
Responsible. Cleaning and silicon wafer inspection. Mochiyamochiya, not even a single piece of dust
Contamination is not permitted. ~~ Nano units are also extremely small.
It's an object I'm attracted to because I'm crude and laid-back.
181338057犬心久美子 181338057犬心久美子 : That's great, thank you very much.