Microsoft showed growth in all departments in the financial results for the period from January to March 2024, exceeding market expectations.
　
◽️ Performance Summary
Revenue: Revenue increased by 17% year-on-year to $61.86 billion (expected: $60.804 billion).
Adjusted eps: $2.94, a 20% increase compared to the same period last year (estimates: $2.82).
　
◽️Performance of each segment
・Azure: Revenue of $35.1 billion (a 31% increase compared to the same period last year)
・Productivity & Business Processes: Revenue of $16.8 billion (14% increase year-on-year).
・More Personal Computing: Revenue of $10 billion (10% increase year-on-year).
　
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Detailed analysis by segment
Azure
The successful investment in AI has led to a strong growth of 31%, notably driven by the strong growth of Azure.
Revenue reached $35.1 billion, a 31% increase compared to the same period last year, significantly surpassing market expectations, mainly due to a 7 percentage point increase contributed by AI-related services.
Specifically, calling AI models...

This article uses automatic translation for some of its parts
The fundamentals of AI-related stocks will drive further big tech performance
● While investors are closely watching the financial results announcements of approximately 180 S&P 500 companies, including major high-tech companies, they are also paying attention to geopolitical tension in the Middle East.
● As demand for AI expands and contributes greatly to the profits of high-tech companies, there is a possibility that global data center capital investment in 2024 will be underestimated at 300 billion US dollars.
● Despite recent sales, valuations in the tech sector are seen as attractive. Since the current predicted PER for Big Tech is still low, there is a possibility that it will exceed expectations.
Is the fall in semiconductor stocks not over yet?
● Semiconductor stocks have skyrocketed since the beginning of this year. Even after the recent decline, the year-to-date increase rate has exceeded 20%. Valuations are also extremely expensive, and PER (TTM, trailing twelve months) for March has reached 56 times. In addition to these factors, interest rate increases due to higher-than-expected inflation and geopolitical concerns...

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The week ended with a 4.8 magnitude earthquake that rattled the Jersey City moomoo office, and the financial district of New York shook right outside t...

moomoo users, good morning!Here are the key points of the early morning report today.
●【Tokyo Stock Market Forecast Range】9900-9600 yen (+0.03%) to 360.03 yen (-0.04%) (closing price on the 19th: 360.36 yen)
●The US Federal Reserve kept the policy interest rate unchanged, maintaining the expectation of three interest rate cuts by the end of the year
S&P500 hits record high for consecutive days, with the dollar plunging to the 151 yen level - the largest drop since March.
The US Department of Justice is expected to sue Apple on the 21st - alleging violations of antitrust laws.
Reddit sets IPO price at $34, aiming for the upper end of the target range.
SEC investigates Ethereum Foundation, possibly tightening regulations on cryptocurrencies.
Tesla to implement price increases for 'Model Y' in China.
Opportunity for new players as NVIDIA opens up.
- Moomoo News Kathy
Market Overview
In the U.S. stock market on the 20th, the Dow Jones Industrial Average closed 401.37 cents higher than the previous trading day at $13.03 million9512, marking the third consecutive rise. The Nasdaq Composite Index closed at 0.01 million6369.408, up 202.617 points. On the 21st, the Tokyo stock market continued the risk-on trend, with the Nikkei Stock Average at ¥0.04 million...

This article uses automatic translation for some of its parts
● Guidance path targets for FOMC and Federal Fund (FF) interest rates for MarchLeave it unchanged at 5.25% ~ 5.50%The probability of
● As for the market, the “distribution chart of policy interest rate levels (dot chart)” is 25 basis points (bp, 1 bp = 0.01%) by the end of the yearRevised to suggest that 2 rate cuts are appropriate (3 times as of the previous December) is expected. Also,Inflation forecasts etc. were revised upwardThe probability of
●At the FOMC in MarchDeceleration of quantitative tighteningThere will be specific discussions about the University of Public Finance
● As for US bond yields, the 2-year yield tested the resistance line of 4.75%, and the 10-year yield broke through 4.35% for the first time since November last year, so there is a high probability that the adjustment phase will expand with each tenor
Over 2 daysFOMC Monetary Policy MeetingisIt is scheduled to end at 03:00 on Thursday the 21st Japan time。FOMC Chairman Powell's Press ConferenceIsFrom 03:30 on Thursday the 21st Japan timeIt is scheduled to take place.
Of the 108 economists surveyed by Reuters, all expect the US Federal Reserve (Fed) to leave interest rates unchanged in the range of 5.25 to 5.50%...