[Morning Report] Apple updated the highest price, and the S&P 500 and NASDAQ also dropped lawsuits against Mr. Musk, Open AI, etc. on a closing price basis

Top news
The highest price update in Apple history is also evaluated by analysts
$Apple(AAPL.US)$There was a backlash. The long-awaited new AI function was announced at the World Developers Conference (WWDC) the day before, but it was evaluated that there were no surprises, and the market the day before showed a lackluster response. However, there were also analysts who raised the outlook for fiscal year 25 significantly from consensus due to expectations for the iPhone upgrade cycle.

[US stocks] Small movements, S&P 500 and NASDAQ hit new highs
There was a slight movement in the US stock exchange rate on the 11th. The Dow Average fell. The S&P 500 and Nasdaq overall continued to grow, and the highest price was updated on a closing price basis.

Musk withdraws lawsuits against Open AI and Altman
It became known that American businessman Elon Musk has applied for the withdrawal of lawsuits against the start-up company Open AI, which developed the interactive AI (artificial intelligence) “chat GPT,” and the company's Chief Executive Officer Sam Altman (CEO). Mr. Musk is open AI and $Microsoft(MSFT.US)$A lawsuit was filed over their relationship.
RELATED ARTICLES
The state of a close battle over Tesla shareholder vote and Mr. Musk's compensation plan

GM revises EV sales forecast downward for full year 24
A major US car company $General Motors(GM.US)$On the 11th, the forecast for EV sales volume for the full fiscal year ending 2024/12 was revised downward, assuming that the growth pace of the electric vehicle (EV) market was lower than expected. Paul Jacobson, Chief Financial Officer (CFO), stated at the industry conference that the EV sales forecast for 24 will be lowered from the previous 200,000 to 300,000 units to 200,000 to 250,000 units.

Oracle received financial results and rose 8% outside of hours, and the cloud infrastructure division performed well and announced multiple alliances
$Oracle(ORCL.US)$It has risen outside of hours. Financial results for the fiscal year ending 3-5 (fourth quarter) were announced after closing, and it is well received that the cloud infrastructure division is expanding strongly with a 43% increase. Although the share of the division's overall sales is still small, the market is looking at this sector as a big bet on the company's future growth.
RELATED ARTICLES
[ORCL] For the full fiscal year of 2024/5, sales increased 6%, sales increased by 52.9 billion dollars, operating profit increased 17% to 15.3 billion dollars, EPS 3.71 dollars

French Mistral AI to expand 600 million euro procurement business scale
French artificial intelligence (AI) startup Mistral AI is a major US semiconductor company $NVIDIA(NVDA.US)$and a major US customer information management (CRM) service company $Salesforce(CRM.US)$600 million euros (approximately 101 billion yen) were raised from etc. We aim to expand our business scale in order to challenge major players in Silicon Valley, such as US Open AI, which dominates the AI market.

US EIA cuts crude oil price forecast for this year and revises natural gas upward
The U.S. Energy Information Administration (EIA) lowered the forecast for indicator crude oil prices by about 4% according to the monthly “short-term energy forecast” announced on the 11th. The recent decline in market prices was cited as a factor. The average price forecast for this year was revised downward from 1 barrel = 87.79 dollars to 84.15 dollars for the international index oil type Brent crude oil, and from 83.05 dollars to 79.70 dollars for the US index oil type WTI (West Texas Intermediate), respectively.