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US market outlook: hedge fund tech stock investment amounts to record high and the Dow average starts at a low of $136

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moomooニュース米国株 wrote a column · May 29 08:31
US market outlook: hedge fund tech stock investment amounts to record high and the Dow average starts at a low of $136
Good evening to all Moomoo users!This is the reading for tonight's NY stock.

Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, began at 38716.28 dollars with a depreciation of 136.58 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 140.53 points at 16879.35. The S&P 500 average, which consists of stocks of 500 large US stocks, depreciated 27.31 points to 5278.73.
US market outlook: hedge fund tech stock investment amounts to record high and the Dow average starts at a low of $136
Stocks and bonds are falling
● The view that interest rates on US bonds would rise over the long term was strengthened due to sluggish government bond tenders and statements made by the Federal Reserve (Fed) chairman, and fell.
● European debt also fell as Germany's inflation data fell short of expectations.
● European stocks also fell, mainly by airlines. Meanwhile, rising geopolitical tension in the Middle East has been added to a new attack in the Red Sea, and crude oil continues to rise.
NVIDIA's exposure to hedge funds [M7] is at a record high due to a sharp rise
● According to Goldman Sachs Prime Broker, hedge funds' exposure to major US tech companies hit a record high after NVIDIA's financial results report last week.
● So-called [M7] ( $NVIDIA(NVDA.US)$ $Apple(AAPL.US)$ $Amazon(AMZN.US)$ $Meta Platforms(META.US)$ $Alphabet-C(GOOG.US)$ $Tesla(TSLA.US)$ $Microsoft(MSFT.US)$ Companies called) currently account for about 20.7% of the total net exposure of hedge funds to US individual stocks.
NVIDIA says “it's not expensive” even if it continues to update the highest price in history, Melius Research
After NVIDIA's financial results were announced, the stock price rose by nearly 20% and hit an all-time high for 3 consecutive days. The company's stock price has risen more than 130% year to date. Meanwhile, Melius Research analyst Ben ReitzesI don't think NVIDIA's stock price is expensive
Data center “cooling” stocks that are hot with AI, so far
Artificial intelligence (AI) is hot. Literally. Demand for energy in data centers has increased rapidly due to the explosive growth of AI, and a large amount of unnecessary heat is also being generated. This has brought business opportunities to companies that provide server cooling systems.
— MooMoo News Zeber
Source: Dow Jones, Moomoo, Bloomberg
This article uses automatic translation for some of its parts
US market outlook: hedge fund tech stock investment amounts to record high and the Dow average starts at a low of $136
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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