US Market Outlook: Broadcom and NVIDIA replaced the NASDAQ Composite Stock Price Index as a new favorite of institutional investors and started 24 points lower
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Market Overview
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose by 28.29 dollars to 40443.73 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 24.83 points to 17982.74. The S&P 500 average, which consists of stocks of 500 major US companies, is 0.89 points higher at 5565.30.
The US market started, and the Dow Jones Industrial Average, which consists of excellent stocks, rose by 28.29 dollars to 40443.73 dollars, and the Nasdaq Composite Stock Price Index, which has a high high-tech stock ratio, fell 24.83 points to 17982.74. The S&P 500 average, which consists of stocks of 500 major US companies, is 0.89 points higher at 5565.30.
Top news
Is Broadcom replacing NVIDIA as the new favorite of institutional investors?
● Last week, City began an investor survey to capture the possibility of subsequent movements in each AI-related stock based on investor sentiment.
● According to a city survey, $Broadcom (AVGO.US)$Since it has more AI customers and is getting added value from VMware, what is the investor's position with respect to Broadcom $NVIDIA (NVDA.US)$It is catching up with, and it is about to become number one in each institutional investor position. Meanwhile, investor sentiment towards NVIDIA has cooled down.
●Above all $Advanced Micro Devices (AMD.US)$Investors' views on it are the most negative, and the market is concerned about the possibility that the MI300's superiority will face NVIDIA's challenge, and the decline in orders will lead to a decrease in earnings, but City has the opposite view, and it is anticipated that orders for MI300 will not decrease.
● City also said that there is a possibility that Samsung will partner with NVIDIA on HBM in the 3rd quarter of '24 $Micron Technology (MU.US)$has been placed on the negative watch list, and it is predicted that Micron's stock price will underperform in the next month.
● Last week, City began an investor survey to capture the possibility of subsequent movements in each AI-related stock based on investor sentiment.
● According to a city survey, $Broadcom (AVGO.US)$Since it has more AI customers and is getting added value from VMware, what is the investor's position with respect to Broadcom $NVIDIA (NVDA.US)$It is catching up with, and it is about to become number one in each institutional investor position. Meanwhile, investor sentiment towards NVIDIA has cooled down.
●Above all $Advanced Micro Devices (AMD.US)$Investors' views on it are the most negative, and the market is concerned about the possibility that the MI300's superiority will face NVIDIA's challenge, and the decline in orders will lead to a decrease in earnings, but City has the opposite view, and it is anticipated that orders for MI300 will not decrease.
● City also said that there is a possibility that Samsung will partner with NVIDIA on HBM in the 3rd quarter of '24 $Micron Technology (MU.US)$has been placed on the negative watch list, and it is predicted that Micron's stock price will underperform in the next month.
Financial trends
● $Tesla (TSLA.US)$ with $Alphabet-A (GOOGL.US)$ Attention is being paid to whether the financial results will help Big Tech recover.
● There is a possibility that Tesla's operating profit margin will shrink for the first time in 6 quarters, and while analysts are seeking progress reports on robot taxis, it is expected that Alphabet's Google Cloud sales and advertising sales will be boosted by AI products.
● $Tesla (TSLA.US)$ with $Alphabet-A (GOOGL.US)$ Attention is being paid to whether the financial results will help Big Tech recover.
● There is a possibility that Tesla's operating profit margin will shrink for the first time in 6 quarters, and while analysts are seeking progress reports on robot taxis, it is expected that Alphabet's Google Cloud sales and advertising sales will be boosted by AI products.
Reject the alphabet
●Wiz, a cybersecurity startup, turned down a $23 billion takeover proposal from Alphabet and instead stuck to an initial public offering plan.
● Wiz provides a service that connects to cloud storage providers such as Amazon Web Services and Microsoft Azure and scans data stored there to avoid security risks.
● For Alphabet, which is trying to catch up with Microsoft and Amazon in the highly competitive cloud service market, this rejection will be a blow.
●Wiz, a cybersecurity startup, turned down a $23 billion takeover proposal from Alphabet and instead stuck to an initial public offering plan.
● Wiz provides a service that connects to cloud storage providers such as Amazon Web Services and Microsoft Azure and scans data stored there to avoid security risks.
● For Alphabet, which is trying to catch up with Microsoft and Amazon in the highly competitive cloud service market, this rejection will be a blow.
Berkshire, led by Mr. Buffett, reduced the shareholding ratio of China BYD to 5% or less
US investment company led by famous investor Warren Buffett $Berkshire Hathaway-A (BRK.A.US)$Recently, the largest electric vehicle (EV) company in China, BYD ( $BYD COMPANY (01211.HK)$Shares of) were further sold, and the shareholding ratio was reduced to 5% or less. According to a report submitted to the Hong Kong Stock Exchange on the 22nd, Berkshire Hathaway sold 1.4 million BYD shares for an average of 246.96 Hong Kong dollars per share, and the shareholding ratio dropped from 5.06% so far to 4.96%.
US investment company led by famous investor Warren Buffett $Berkshire Hathaway-A (BRK.A.US)$Recently, the largest electric vehicle (EV) company in China, BYD ( $BYD COMPANY (01211.HK)$Shares of) were further sold, and the shareholding ratio was reduced to 5% or less. According to a report submitted to the Hong Kong Stock Exchange on the 22nd, Berkshire Hathaway sold 1.4 million BYD shares for an average of 246.96 Hong Kong dollars per share, and the shareholding ratio dropped from 5.06% so far to 4.96%.
Ether spot ETF to start trading in the US will the highest value of Ethereum be updated?
US regulatorsFinal approval for a physical exchange-traded fund holding Ethereum (ETH)By doing so, Americans will be able to easily access the second-largest cryptocurrency.
US regulatorsFinal approval for a physical exchange-traded fund holding Ethereum (ETH)By doing so, Americans will be able to easily access the second-largest cryptocurrency.
Sharp rise due to heightened expectations for “interest rate cuts”! Check out the notable stocks in the US real estate sector!
Housing construction stocks have been rising since the beginning of this month due to expectations of a decline in mortgage interest rates and expectations for interest rate cuts by the US Federal Reserve (Fed). Investors will re-read the US housing market from financial results and a series of data to be announced this week.
Housing construction stocks have been rising since the beginning of this month due to expectations of a decline in mortgage interest rates and expectations for interest rate cuts by the US Federal Reserve (Fed). Investors will re-read the US housing market from financial results and a series of data to be announced this week.
— MooMoo News Zeber
Source: Moomoo, Bloomberg, Dow Jones
This article uses automatic translation for some of its parts
Source: Moomoo, Bloomberg, Dow Jones
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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