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-- 339.660 Nvidia's sale of its own shares suggests a peak in U.S. high-tech stocks? Will U.S. high-tech stock leadership continue in 2024 as well?
Recently, the S&P 500 has been rising to year-to-date highs.U.S. companies and insider share buybacks are heating up.yet what has been leading the S&P500Large U.S. high-tech companies are selling their stakes to lock in profits.Is this a sign that the large U.S. high-tech stocks are peaking?
According to the research firm Washington Service, company executives and executiveshave been advancing share buybacks in November.andThe ratio of buyers to sellers has reached a six-month high.During this month, at Goldman Sachs, corporate clients' share buybacks have seen a "significant increase". The share buyback platform of Bank of America (BofA) is also similar, recording the most orders in a week based on the company's past data.Earlier this year, US companies were refraining from share buybacks, but now they have started implementing share buybacks. According to BofA's data, share buybacks by the bank's customershaveExceeding seasonal levels for the third consecutive week.There were weeks that recorded a record high of $4.8 billion.
In contrast, companies like Nvidia and Meta,On the other hand, large U.S. high-tech companies like Nvidia and Meta, which have seen significant surges this year, are selling off their own shares.。
$Meta Platforms (META.US)$の創業者兼CEOであるザッカーバーグ氏は過去1ヶ月間、高頻度で自社株を売却。11月に約0.68 million2000株（約0.185 billionドル相当）を売却した。同氏の団体がメタ株を売却したのは21年11月以来。
AIブームの最大受益者である $NVIDIA (NVDA.US)$の幹部や取締役は先月に約0.1 billion80 millionドル相当の自社株を約0.37 million株売却、または売却の意向を示す書類を提出した。そのすべてが実行された場合、月間の売却額としては少なくとも過去6年で最大Nvidia, which surged more than tripled this year, is now struggling. It is understandable that the management wants to lock in profits after such a sharp increase in stock price. However, they did not buy even when the stock price fell.Perhaps, they must have thought it would be difficult for the stock price to reproduce the surges like in the past.According to the data, Nvidia insiders have hardly bought back their own shares since 2020.
The Metaverse has surged by about to November, with an increase rate from the beginning of the year of approximately172％. Among the seven large U.S. high-tech companies, Following a surge of 212% for Nvidia, the Chief Financial Officer, Mr. Chris Condou, alsois.
On the other hand, $Apple (AAPL.US)$sold nearly 1 million dollars of Apple shares and disclosed it in Form 144.Is the departure of seven major US high-tech companies beginning?A handful of top US tech stocks leading the rise in US stocks has been a major feature of the US stock market this year. According to Goldman Sachs' recent "2024 US Stock Market Outlook", the ratio of the 7 major US tech companies to the total market capitalization of the S&P 500 index is
Is the departure of seven major US high-tech companies beginning? A handful of major US high-tech stocks leading the rise in US stock is a major feature of the US stock market this year. According to Goldman Sachs' recent "2024 US Stock Market Outlook", the ratio of the 7 major US tech companies to the total market capitalization of the S&P 500 index isThis is the first time it has grown by as much as 29%.。
However, last month, speculations that the FRB would ease monetary policy spread, causing a sharp rise in US stocks.There is growing doubt about the sustainability of the stock market rally.While the upside of the seven major US technology companies remains heavy, there is increasing rotation towards cyclical stocks, including small and medium-sized ones. Moreover, among stock speculators, there is ongoing momentum in dubious corners such as 'meme stocks', cryptocurrencies (virtual currencies), and unprofitable tech company stocks.Unprofitable tech stocks are outperforming large US tech stocks.。
Goldman Sachs is expected to lead based on high growth rates, high profit margins, and a strong balance sheet.Seven large US high-tech companies are expected to continue leading the other 493 companies in the S&P 500 index next year.However, the return gap between the seven large US high-tech stocks and other companies may not be as significant as this year.It is expected.There should not be a significant return gap as this year.
"In addition to the increasing growth expectations, the higher than usual hedge fund ownership ratio for high-tech stocks, and the waning enthusiasm of investors towards AI, the risk-return ratio of large cap high-tech stocks is not particularly appealing.
While AI implementations may potentially boost corporate earnings growth more than expected, in most cases, the impact of AI on next year's profitability is limited.The influence of AI on next year's profitability is generally limited.と予想される。ゴールドマン・サックスが集計したデータによると、S&P500企業が2023年第3四半期の決算説明会でAIについて言及した割合は、前四半期の34.5％から29.5％に減少I did.
Related Article:米大型ハイテク株、記録的な保有比率に達する！今後も株高は続くか
それでも、David Kostin氏は楽観的な見方を崩していない。ゴールドマン·サックスの基準予測によると、2024年も大型ハイテク株は残りのS&P500種銘柄を引き続きアウトパフォームするだろうという。同氏は、売上高の増加がその理由だと説明。2023年から2025年にかけて、米ハイテク7強の売上高の年平均成長率は11%In contrast, the other component stocks australia3%is expected to remain lower, while the net margin of the top 7 tech companies is qitabankuaiTwo times.This difference will continue until 2025and financial estimates.
On the other hand, according to a recent report from the Wall Street investment firm Wedbush, even after this year's "dramatic rebound," the entire US high-tech sector is expected to rise by at least 20% by 2024.The same institution believes that the application scenarios of artificial intelligence (AI) are expanding, and next year, spending on artificial intelligence and cloud computing will significantly increase, putting the world's IT industry on arich growth trajectory.Riding on a trajectory of abundant growth.and financial estimates.
"Many Wall Street analysts still underestimate the scale of AI spending in the next 10 years, and we expect it to reach $1 trillion. This will be a period of great prosperity for the AI chip and AI application industries, especially the software application industry, and the major tech companies $NVIDIA (NVDA.US)$and $Microsoft (MSFT.US)$will lead this historic trend."
"According to recent research data, the outlook for the fundamentals of growing tech companies is extremely healthy. While IT budgets of companies are expected to grow moderately until 2024, we believe that with the rapid increase in usage cases for corporate and personal use, the spending scale of companies utilizing cloud and AI will grow by 20-25% next year."
Wedbush analysts point out that the cloud services sector, including Amazon's AWS and Google Cloud Platform,will be one of the first business sectors to benefit from AI.Identified as one of the business units.
This article utilizes auto-translation in some parts.
Source: Bloomberg, FactSet, Goldman Sachs, Bank of America Corp, Wedbush
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181338057犬心久美子 : Tech stocks must drive America
economy![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Which department will do it? It certainly feels like there will be some phases, but the prospects are immeasurable.
181301798 : If employees of high-tech companies continue to sell company shares, will corporate performance and evaluations plateau
