[Morning Report] Federal Reserve Chairman Gives No Hints When to Cut Interest Rates, NVIDIA Continues to Grow, Toyota Exceeds BIG3 in Number of Cars Produced

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Federal Reserve Chairman's Congressional Testimony showing an open attitude over the US interest rate cut period
US Federal Reserve (Fed) Chairman Jerome Powell suggested on the 9th that the Fed is further focusing on the interest rate cut period as inflation begins to decline again and there are signs of calm in the labor market. Few materials were provided to predict when the Fed would cut interest rates, and it was stated that “we will continue to make decisions at each meeting.”

Calls for Mr. Biden's withdrawal have overshadowed momentum within the Democratic Party
Some members of the US Democratic Party are seeking to back up candidates to replace President Joe Biden for the presidential election, but there is a decline in that momentum. Since it has been made clear that Mr. Biden will not withdraw from the election, lawmakers are being forced into a situation where there is nothing they can do.

NVIDIA continues to grow, and target stock price increases for semiconductor brands are reported
The 9th too $NVIDIA (NVDA.US)$Buybacks are dominant, and there was a scene where it temporarily rose to the latter half of the 133 dollar range. An increase in NVIDIA's target stock price by analysts was reported the day before, but today, too, an increase in target stock prices for semiconductor brands such as NVIDIA and Qualcomm has been reported. NVIDIA's target stock price has been raised from the previous 130 dollars to 180 dollars.
Related articles:Broadcom's long-awaited stock split on Friday! Will it continue to rise in anticipation of the “next NVIDIA”?

Has the semiconductor market just begun? Carefully selected by Wall Street! Which stocks still have a lot of room to rise?
Due to artificial intelligence (AI) fervor, $PHLX Semiconductor Index (.SOX.US)$has risen 38% this year, significantly exceeding the S&P 500. According to Bank of America, it is traded at a level 4 to 5 times higher than the S&P 500 index. Still, are there still investment opportunities in semiconductor stocks? Which stocks still have a lot of room to rise? 9 Wall Street semiconductor stocks for the second half of the year! I've put it together.

A US glass manufacturer has suddenly surfaced into hidden AI stocks! Stock prices soared 12% due to strong sales of optical fiber for AI servers! Towards an upward revision of earnings
A glass manufacturer with 170 years of history, $Corning (GLW.US)$has suddenly emerged as a hidden AI stock. On 7/8, Corning revised its core sales (provisional value) upward for the April-6 fiscal year due to strong sales of new optical connection products for generative AI, and stock prices skyrocketed 12%. In the AI boom $NVIDIA (NVDA.US)$As the search for others spreads, it seems that Corning will receive even more attention in the future as a unique AI brand.
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Tesla continues to rise astonishingly to an expensive level since April 2022
$Tesla (TSLA.US)$has continued to rise astonishingly, and it is said that all recent increases have created new problems. This is the first time in over two years that stock prices have become this high. Today, the company's stock continued to grow for 9 days, and during that time it rose by about 39%. Stock prices have risen over 80% from the 52-week low set on April 22.
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Foreign companies such as Toyota surpass the Big Three in terms of automobile production
According to a report released by Auto Drive America and the American International Automobile Dealers Association on the 9th, $Toyota Motor (7203.JP)$Brands outside the US, such as the Mercedes-Benz Group, produced over 4.9 million units last year. It seems to have increased by about 0.5 million from the previous year. Meanwhile $General Motors (GM.US)$with $Ford Motor (F.US)$、 $Stellantis NV (STLA.US)$The Big Three produced 4.6 million units in '23. It is reported that there was a slight decrease from the previous year. It has been reported that international automobile manufacturers are driving economic growth across the United States.