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[Morning Report] NVIDIA net profit 8.7 times, US interest rate cuts higher than market expectations centered around June - FOMC January summary

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moomooニュース米国株 wrote a column · Feb 21 17:11
[Morning Report] NVIDIA net profit 8.7 times, US interest rate cuts higher than market expectations centered around June - FOMC January summary
Good morning to all moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 38,400 yen - 39,000 yen (closing price 38,262 yen 16 sen on the 21st)
● NVIDIA net profit 8.7 times, AI demand rapidly expands, exceeding market expectations
● FOMC January summary centered on the reduction in US interest rates in June, hawks are also within market expectations
● Richmond Federal Reserve Governor says upward pressure on prices in some sectors is still too high
● Microsoft to use Intel technology in production of self-designed semiconductors
● China bans stock oversales immediately after commencement and before closing - notice to institutional investors
● The Bank of Japan's normalization process that is emerging, the keyword is “maintaining a mitigation environment”
— MooMoo News Kathy  
Market Overview
In the US stock market on the 21st, the NY Dow Jones Industrial Average rebounded for the first time in 3 days to 38,612 dollars 24 cents, 48 dollars 44 cents higher than the previous business day. The Nasdaq Composite Stock Price Index fell 49.913 points to 15,5870. The Tokyo Stock Exchange on the 22nd is expected to have an emphasis on developments with the Nikkei Stock Average in the 38,000 yen range amid buy-and-sell exchanges.
Top news
NVIDIA net profit 8.7 times, AI demand rapidly expands, exceeding market expectations
Major US semiconductor company $NVIDIA (NVDA.US)$In the financial results for the fiscal year ending 2023/11-24 announced on the 21st, net profit was 12.285 billion dollars (about 1.84 trillion yen), 8.7 times the same period last year. It surpassed market expectations. Sales were 3.7 times higher at 22.1 billion dollars, and both were record highs.
Related articles:[Financial Report] NVIDIA FY24Q4 financial results: EPS 5.16 dollars (forecast 4.60 dollars), sales 22.1 billion dollars (forecast 20.412 billion dollars)NVIDIA's sales forecast exceeds expectations at around 3.6 trillion yen - stock price rises 10%
FOMC January summary centered on the reduction in US interest rates in June, hawks are also within market expectations
The US Federal Reserve (Fed) released the summary of the proceedings of the US Federal Open Market Committee (FOMC) held from 1/30 to 31 on the 21st. Markets and economists are judging the start of interest rate cuts in June to be the most powerful.
Related articles:Watch out for FRB, fashion and profit early — FOMC meeting aims
Richmond Federal Reserve Governor Says Inflation Pressure in Some Sectors Is Still Too High
President Birkin of the Richmond Federal Reserve Bank of the United States stated that the inflation situation had improved in general, and expressed the view that recent economic data highlighted that upward pressure on prices in some sectors was still too high.
Related articles:FRB Director Bowman Says Interest Rate Cut Period “Certainly Not Now”
Microsoft to use Intel technology in production of self-designed semiconductors
Rice, a major software company $Microsoft (MSFT.US)$Rice, a major semiconductor company, in its own semiconductor development business planned by $Intel (INTC.US)$It was decided to get involved as a customer.
China bans stock oversales immediately after commencement and before end of trading - notice to institutional investors
China has instructed major institutional investors not to oversell stocks immediately after the start and before the end of stock market transactions. It is part of strong government measures supporting the Chinese stock market on a scale of 8.6 trillion dollars (about 1290 trillion yen).
The key word for the Bank of Japan's normalization process that comes up is “maintaining a mitigation environment”
The Bank of Japan has put an end to the world's only ongoing negative interest rate policy, and the time to raise interest rates for the first time in 17 years is approaching. The framework of the normalization process from large-scale monetary easing has gradually emerged from recent statements by executives such as President Kazuo Ueda.
Forex
Key Market Events
[Morning Report] NVIDIA net profit 8.7 times, US interest rate cuts higher than market expectations centered around June - FOMC January summary
Distributor: Dow Jones, MINKABU, Fisco, Bloomberg, WelsAdvisor, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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