US market outlook: NVIDIA rebounds, Tesla continues to fall, and the Dow average starts at $29 higher

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, rose 29.53 dollars to 39783.28 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, rose 20.23 points to 18303.64. The S&P 500 average, which consists of stocks of 500 major US companies, is 6.22 points higher at 5590.76.

Strong banks
● JPMorgan, Wells Fargo, and Citigroup will enter the second quarter earnings season with financial results scheduled for Friday.
● Stock prices of major Wall Street financial institutions have overwhelmed the entire market this year, and investors expect banks' earnings forecasts to brighten in the next few quarters. Net interest income, which is an important source of revenue for moneylenders, is expected to decline, but investors are paying attention to the high possibility that businesses that generate fees, such as investment banking operations, will become rosy.
● “I think the momentum of bank stocks will continue for the time being,” said Keefe, Bruyette & Woods analyst David Conrad.

The revival of government bonds
●Similar to banks, government bonds are also popular among investors, and since cooling inflation supports bets on interest rate cuts by the Federal Reserve (Fed), this year's decline has been written off. In response to the fact that the US inflation rate announced on Thursday slowed more than expected, traders are intensifying their observations that three interest rate cuts will be implemented during this year.
● The bottom line is whether this can convince policy makers. “The comments of senior Federal Reserve officials will be watched more closely in the coming weeks, but it feels like a turning point has come for government bond bullies,” said Nick Twidale, chief analyst at ATFX Global Markets in Sydney.

SoftBank Acquires British AI Chip Maker Graphcore
● On 7/12, GraphCore announced an acquisition by SoftBank. Graphcore, which specializes in AI chips, was supported by investors such as Microsoft, but faced stiff competition and financial pressure.
● Nigel Toon, CEO of GraphCore, did not disclose the acquisition price, but stated that it was an “excellent result” for employees and investors. SoftBank positions GraphCore as an important part of its AI strategy, and emphasizes that next-generation semiconductors are essential for realizing artificial intelligence.
● This acquisition is another important investment for SoftBank following Arm, and shows Masayoshi Son's investment strategy in the semiconductor field. Mr. Masayoshi Son believes that AI chips are essential for the realization of artificial superintelligence, advocates the ASI concept, and plans to establish a global AI data center in cooperation with industry giants.

Sold in yen
● According to Bloomberg's central bank account analysis, Japan has decided to intervene for the third time this year in order to buy and support yen due to increased interest rate cut observations by the Fed.
● The scale of the intervention was probably about 3 trillion500 billion yen (22 billion dollars) from a comparison between Bank of Japan accounts and securities companies' predictions. This figure shows that the Japanese monetary authorities tried to take advantage of the fact that expectations for a fall in American interest rates increased immediately after data showing that domestic inflation had cooled down drastically came out.
● Finance Minister Shunichi Suzuki and Exchange Director Masato Kanda avoided commenting on Friday about whether they intervened, as after similar measures earlier this year.