Nvidia falls about 10% in the morning, revealing weaknesses in the financial results. The ISM Manufacturing Business Conditions Index falls short of expectations, causing new economic concerns.
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Here are the key points from the morning session report today.
●[Tokyo Stock Market Forecast Range] 37,500 yen-38,000 yen (closing price on the 3rd, 38,686.31 yen)
●US stock indices plummeted on Tuesday, as weak economic indicators in the manufacturing sector raised new concerns about the economy.
●NVIDIA falls by about 10%, losing over 40 trillion yen in market capitalization. The earnings report reveals weaknesses and market opportunities to competitors.
は6.5%下落した。半導体設備メーカーの
●The Philadelphia Semiconductor Index fell 7.8%, reaching its lowest level since August 12th.
●The ISM Manufacturing PMI fell short of expectations, as investors await the August employment statistics.
●Berkshire Hathaway, led by Mr. Buffett, achieves a record high stock price despite headwinds.
は9%、
ーMoomoo News Sherry
●[Tokyo Stock Market Forecast Range] 37,500 yen-38,000 yen (closing price on the 3rd, 38,686.31 yen)
●US stock indices plummeted on Tuesday, as weak economic indicators in the manufacturing sector raised new concerns about the economy.
●NVIDIA falls by about 10%, losing over 40 trillion yen in market capitalization. The earnings report reveals weaknesses and market opportunities to competitors.
は6.5%下落した。半導体設備メーカーの
●The Philadelphia Semiconductor Index fell 7.8%, reaching its lowest level since August 12th.
●The ISM Manufacturing PMI fell short of expectations, as investors await the August employment statistics.
●Berkshire Hathaway, led by Mr. Buffett, achieves a record high stock price despite headwinds.
は9%、
ーMoomoo News Sherry
Market overview
US stocks fell sharply. The Dow Jones Industrial Average fell 626.15 points and experienced a significant decline for the first time in three business days, closing at a large decrease. The S&P 500 and Nasdaq Composite also fell significantly, down 2.12% and 3.26%, respectively. The daily decline was the largest since August 5th, when it fell sharply due to recession concerns and a reversal of yen carry trades. US manufacturing data has been weak, raising concerns about economic slowdown, causing a sharp decline in US stocks, and semiconductor stocks have also been affected. On the 4th day, the Tokyo stock market is expected to be dominated by selling pressure across a wide range, including major stocks, and the Nikkei Stock Average is likely to continue to search for lower levels.
US stocks fell sharply. The Dow Jones Industrial Average fell 626.15 points and experienced a significant decline for the first time in three business days, closing at a large decrease. The S&P 500 and Nasdaq Composite also fell significantly, down 2.12% and 3.26%, respectively. The daily decline was the largest since August 5th, when it fell sharply due to recession concerns and a reversal of yen carry trades. US manufacturing data has been weak, raising concerns about economic slowdown, causing a sharp decline in US stocks, and semiconductor stocks have also been affected. On the 4th day, the Tokyo stock market is expected to be dominated by selling pressure across a wide range, including major stocks, and the Nikkei Stock Average is likely to continue to search for lower levels.
Top News
U.S. August ISM Manufacturing Index suggests accelerating stagflation.
The August ISM Manufacturing Purchasing Managers' Index (PMI) announced by the Institute for Supply Management (ISM) improved to 47.2 from a low of 46.8 in July, but it fell below expectations. It fell below 50 for the first time in five months, marking the boundary between expansion and contraction. Declines in key indicators such as new orders and production pushed down the overall index.
Related Article
The US manufacturing PMI was 47.2 in August, marking the fifth consecutive month of contraction.
U.S. August ISM Manufacturing Index suggests accelerating stagflation.
The August ISM Manufacturing Purchasing Managers' Index (PMI) announced by the Institute for Supply Management (ISM) improved to 47.2 from a low of 46.8 in July, but it fell below expectations. It fell below 50 for the first time in five months, marking the boundary between expansion and contraction. Declines in key indicators such as new orders and production pushed down the overall index.
Related Article
The US manufacturing PMI was 47.2 in August, marking the fifth consecutive month of contraction.
Nvidia fell by about 10%, losing over 40 trillion yen in market capitalization. The financial results revealed weaknesses and market opportunities for competitors.
Semiconductor giant $NVIDIA (NVDA.US)$On the 3rd, it fell by 9.5%, reaching its lowest level in the past three weeks. As a result, its market capitalization of 27.89 billion dollars was wiped out, falling away from the three trillion dollar mark.
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-Impact on earnings forecast and stock price for the third quarter.The earnings forecast for the third quarter is expected to be $32.5 billion, but it has the lowest increase in the past year and a half, which has affected the stock price.
-Impact of Blackwell product delay on the market.The release of Nvidia's Blackwell product was delayed by about 8 to 12 weeks, which affected the stock price. There were concerns about the impact on revenue, especially due to the delay in mass production of the product. The current Hopper generation product is expected to maintain its market leadership for the next few quarters.
-Market Opportunities for Competitors:Due to delays from Blackwell, there is an opportunity for competitors like AMD and Intel to gain market share. In particular, AMD's MI300X product is receiving attention.
Semiconductor giant $NVIDIA (NVDA.US)$On the 3rd, it fell by 9.5%, reaching its lowest level in the past three weeks. As a result, its market capitalization of 27.89 billion dollars was wiped out, falling away from the three trillion dollar mark.
-
-Impact on earnings forecast and stock price for the third quarter.The earnings forecast for the third quarter is expected to be $32.5 billion, but it has the lowest increase in the past year and a half, which has affected the stock price.
-Impact of Blackwell product delay on the market.The release of Nvidia's Blackwell product was delayed by about 8 to 12 weeks, which affected the stock price. There were concerns about the impact on revenue, especially due to the delay in mass production of the product. The current Hopper generation product is expected to maintain its market leadership for the next few quarters.
-Market Opportunities for Competitors:Due to delays from Blackwell, there is an opportunity for competitors like AMD and Intel to gain market share. In particular, AMD's MI300X product is receiving attention.
Performance of Other Major Semiconductor Stocks
$Intel (INTC.US)$decreased by 9%, $Advanced Micro Devices (AMD.US)$decreased by 8%, $Taiwan Semiconductor (TSM.US)$decreased by 6.5%. $KLA Corp (KLAC.US)$choose $Applied Materials (AMAT.US)$The semiconductor equipment manufacturer
$Intel (INTC.US)$decreased by 9%, $Advanced Micro Devices (AMD.US)$decreased by 8%, $Taiwan Semiconductor (TSM.US)$decreased by 6.5%. $KLA Corp (KLAC.US)$choose $Applied Materials (AMAT.US)$The semiconductor equipment manufacturer
- $Super Micro Computer (SMCI.US)$
Tom Lee predicts a maximum 10% stock price drop in 8 weeks - a good opportunity to buy the dip.
- Tom Lee from Fundstrat mentioned the possibility of a maximum 10% stock price drop in the next 8 weeks.
Tom Lee pointed out to CNBC that although the market is very strong this year, the September FRB rate cut and the elections could be potential causes of anxiety. He stated that investors should exercise caution ahead of the FRB rate cut and elections.
Tom Lee sees this decline as a great opportunity to buy the dip.
Lee believes there is a possibility for the S&P 500 to reach 15,000 by 2030, maintaining an optimistic view of the long-term market strength.
Buffett's Berkshire Hathaway achieves record high stock price in a headwind
$Berkshire Hathaway-A (BRK.A.US)$Despite market headwinds, the stock price of Berkshire Hathaway has risen, with both class A and B shares trading at all-time highs. The year-to-date increase exceeds 30%. Last week, the company's market capitalization exceeded USD 1 trillion for the first time, making it the 7th company in the US stock market to exceed USD 1 trillion in market capitalization.
$Berkshire Hathaway-A (BRK.A.US)$Despite market headwinds, the stock price of Berkshire Hathaway has risen, with both class A and B shares trading at all-time highs. The year-to-date increase exceeds 30%. Last week, the company's market capitalization exceeded USD 1 trillion for the first time, making it the 7th company in the US stock market to exceed USD 1 trillion in market capitalization.
Boeing falls 7% - Analyst lowers target stock price to $119, reaching the lowest levels on Wall Street = US individual stock
$Boeing (BA.US)$The stock fell. Analysts lowered their investment rating to 'sell' and lowered their target stock price from the previous $185 to $119. It is 31% lower than the closing price before the holiday, the lowest level on Wall Street. They pointed out the risk of the company's cash loss. They also indicated a model where the free cash flow per share would peak in 2027, and highlighted that development costs would offset production growth. They also mentioned the impact of further dilution due to additional equity issuance.
$Boeing (BA.US)$The stock fell. Analysts lowered their investment rating to 'sell' and lowered their target stock price from the previous $185 to $119. It is 31% lower than the closing price before the holiday, the lowest level on Wall Street. They pointed out the risk of the company's cash loss. They also indicated a model where the free cash flow per share would peak in 2027, and highlighted that development costs would offset production growth. They also mentioned the impact of further dilution due to additional equity issuance.
Energy stocks have been declining. Crude oil prices plummeted to around $70 temporarily, leading to a decline in energy stocks. There are expectations for the resumption of oil production in Libya.
Today, energy stocks are conspicuous in their decline. In addition to risk aversion, the decline in energy stocks is due to the sharp drop in crude oil prices to around $70 temporarily. It is said that there is an impending agreement that could lead to the resumption of oil production, as Muhammad al-Kabeer, the Governor of the Central Bank of Libya, who said that the government, divided between east and west, is continuing its power struggle, mentioned that it seemed close to solving the problem. The western government of Libya decided to dismiss Kabeer, and the eastern government, in response, had been reducing oil production.
Today, energy stocks are conspicuous in their decline. In addition to risk aversion, the decline in energy stocks is due to the sharp drop in crude oil prices to around $70 temporarily. It is said that there is an impending agreement that could lead to the resumption of oil production, as Muhammad al-Kabeer, the Governor of the Central Bank of Libya, who said that the government, divided between east and west, is continuing its power struggle, mentioned that it seemed close to solving the problem. The western government of Libya decided to dismiss Kabeer, and the eastern government, in response, had been reducing oil production.
Foreign exchange
Major market events
Source: moomoo, Bloomberg, Dow Jones, MINKABU
This article uses auto-translation partially.
This article uses auto-translation partially.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Naomi2024年6月10日 : What's going on with Taiwan Semiconductor? What's going on with PDD Holdings? It's normal for the stock to rise, but why is the stock falling even though the news is bullish? Isn't it cutting leeks?