Keep an eye on the movements of high-tech stocks, approaching levels that may trigger a divergence from US stocks - Bank of America Corp.
November 23, 2024 0:49 JST (excerpt)
A strong catalyst encouraging the elimination of "US exceptionalism" trade.
Expecting higher yields, recommending stocks from China, European Index, etc.
Bank of America Corp pointed out that the weight of high-tech stocks in the NASDAQ 100 index, which is higher than the S&P 500 stock price index, is approaching levels that could trigger a reversal in preference for U.S. stocks.
The relative price of the NASDAQ 100 index compared to the S&P 500 index has been moving above the high set in 2000, becoming a factor that continues to encourage investors to go long on U.S. high-tech stocks and the dollar, according to the team led by Michael Hartnett of Bank of America Corp. The report stated that breaking below this level would be a strong catalyst to prompt the resolution of the "U.S. exceptionalism" trade.

Amazon to start AI with an additional $4 billion investment in the startup Anthropic.
Last updated: November 22, 2024 23:46 JST
Anthropic is a rival company of OpenAI.
Amazon has already invested a total of $4 billion.
On the 22nd, the American company Amazon.com revealed that it will make an additional investment of 4 billion dollars (about 620 billion yen) in the artificial intelligence (ai) startup Anthropic.
Amazon, a rival company of OpenAI, has already invested a total of 4 billion dollars in Anthropic. As part of the partnership, Anthropic has agreed to use Amazon Web Services (AWS) datacenters for its operations and to use AI chips designed by AWS. On the other hand, Anthropic also has a close relationship with Google under the Alphabet umbrella.
Anthropic was founded in 2021 by former employees of OpenAI. The company's chatbot 'Claude' is widely considered to be one of the most advanced AIs due to its ability to generate text from scratch and perform human-like reasoning.

Apple is developing a conversation-based 'Siri' aiming to join the AI forces.
November 22, 2024, 6:57 JST (excerpt).
It is possible to have quick conversations based on the evolved LLM - Source.
The announcement could be made as early as next year, with user availability expected in the spring of 2026.
Apple is hurrying to develop the voice assistant 'Siri' into a more conversational version, as revealed by multiple knowledgeable sources. They aim to catch up with other companies' services like OpenAI's 'ChatGPT.'
Although the details of the new Siri have not been revealed yet, sources, speaking anonymously due to the information being pre-announcement, said that it will utilize an advanced large language model (LLM) for enabling conversations beyond the capabilities of the past. The new Siri will be able to handle more sophisticated requests and respond quickly.

The full picture of economic measures has been revealed, with a total of 21.9 trillion yen allocated for stimulating the economy and measures to combat high prices - according to documents.
November 21, 2024, 17:59 JST (excerpt).
Of the fiscal expenditures, the national general account is 13.9 trillion yen, with a project scale of 39 trillion yen for the measures.
The government aims for the approval of the supplementary budget for this fiscal year to be passed before the end of the year on the 22nd.
The full details of the comprehensive economic measures compiled by the government were revealed on the 21st. The fiscal expenditure for boosting the economy and measures against high prices is expected to be around 21.9 trillion yen, with a total project size of around 39 trillion yen when combined with private funds.
According to documents confirmed by Bloomberg, the breakdown of fiscal expenditures includes approximately 10.4 trillion yen for the growth of the Japanese economy and local economy, approximately 4.6 trillion yen for overcoming high prices, and approximately 6.9 trillion yen for ensuring the peace and safety of the people. Expenditures from the national general account are expected to be around 13.9 trillion yen.

TSMC announced that mass production of 2nm process will start in 2025, revealing smooth development.
November 21, 2024 (excerpt)
The development of TSMC, a leading semiconductor manufacturer, next-generation 2nm process technology has entered its final stages, and it has been revealed that it is progressing smoothly towards the start of mass production in 2025.
In an update on the "Logic Technology" section, TSMC has revealed that 2nm is scheduled to be mass-produced by 2025. According to the company, major customers have already completed the IP design and are in the silicon verification stage.

Angle: Nvidia, supply constraints are the bottleneck, and the AI boom continues.
November 21, 2024, 2:36 PM GMT+9
Nvidia, the leading American semiconductor company, announced on the 20th its revenue forecast for the fourth quarter (November - January), which fell short of the high expectations of some market participants, raising concerns about a downturn in the artificial intelligence (AI) boom. However, according to executives, analysts, and investors of the company, these concerns are completely unfounded.
There are many companies looking to build new AI systems using Nvidia's high-performance semiconductors, and Nvidia's sales pace aligns with the production pace of its manufacturing partner, Taiwan Semiconductor Manufacturing Company (TSMC).
Nvidia's revenue growth rate forecast for November, announced on the 20th, hit a seven-quarter low, causing a 2.5% decline in stock price in after-hours trading.
Due to constraints in the supply chain, the company indicated that semiconductor demand is expected to exceed supply for several quarters in the fiscal year 2026. This is due to the complexity of the manufacturing process and background issues discovered in some products this summer.
The company's latest flagship AI semiconductor 'Blackwell' is composed of numerous chips and features advanced encapsulation and...

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$
According to past data, the third quarter often sees positive revenue, but December tends to be a negative month for shares.
Nvidia's revenue outlook falls short of the upper limit of market estimates.
Following this earnings report, is Nvidia bullish or bearish in December?
December has historically been a bearish month for Nvidia. According to seasonal statistics, this leading semiconductor company often enters a temporary bearish market after the third quarter earnings report.
In December, it dropped by an average of 1.84%, making it the largest decline for the whole month.
Nvidia has ended December in positive territory only 4 out of the past 10 years, which is a 40% probability. The most dramatic decline in December occurred in 2022, with a 13.64% decrease in stock price.
On the contrary, Nvidia's best performance in December was in 2016, recording a remarkable increase of 15.77%. While the December struggles are notable, Nvidia usually...

$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$
Semiconductor giant Nvidia (NVDA.US) reported its third-quarter earnings for the fiscal year 2025.
● Revenue increased by 94% year-on-year to 35.1 billion dollars, exceeding the expected 33.21 billion dollars.
● Adjusted EPS (earnings per share) increased by 103% year-on-year to 0.81 dollars, surpassing the expected 0.74 dollars.
The revenue of the datacenter business increased by 112% year-on-year to $30.8 billion.
According to nvidia's CFO, Blackwell's mass shipments will begin in the fourth quarter of fiscal year 2025 and continue to expand in fiscal year 2026.

Contents: (1) Explanation of Nvidia's financial results (2) Future outlook of semiconductor stocks (3) Introduction of promising sectors and stocks.
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$NVIDIA (NVDA.US)$ Japan will hold the earnings call for the third quarter of the fiscal year 2025 at 7:00 a.m. on Thursday, November 21, 2024, Japan time.
The rise in Nvidia's stock price due to the AI boom is remarkable. The stock price has almost tripled year-to-date, surpassing apple again in market capitalization on the 5th and reaching the world's top spot. Furthermore, riding the wave of the Trump former president's comeback, it set a new all-time high on the 7th. Nvidia became the first chipmaker to solidify its position as the world's most valuable company.
Will this earnings report further push up the stock price? Don't miss this live event!
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