Micron plummeted 8% and NVIDIA is cheap
$Micron Technology (MU.US)$After financial results were announced on 6/26, stock prices plummeted 8% due to overtime trading. In response to it, $NVIDIA (NVDA.US)$It also fell 2% due to overtime trading, and semiconductors generally had a sales advantage.
Why is Micron Technology important?
Micron Technology, a leading semiconductor memory companyisHBM is essential in AI data centersIn the (high bandwidth memory) market3rd place in the world market share(1st place is SK Hynix, 2nd place is Samsung Electronics)It has a high level of attention as an AI-related brand. Micron and $Broadcom (AVGO.US)$There are also analysts who evaluate it along with NVIDIA, which is representative of the AI boom. The analyst said that both companies can acquire positions as AI leaders similar to NVIDIA, and 3 companies“AI 3 Musketeers”It's called.
Also,Micron is the “HBM3E...” to be mounted on NVIDIA's AI semiconductor “H200” GPU in February this year

$Cisco (CSCO.US)$
$NVIDIA (NVDA.US)$set an all-time high on a closing basis on June 18th, then fell, by the 24thdropped by 13%world.Does this sudden drop indicate the end of the AI boom, or is it simply a speed adjustment?。To explore the answer, let's consider the real selling factors. I also want to confirm the lower limit.I think so.
Selling factor
The following three factors can be cited as the reasons for selling NVIDIA this time.
1) The upward momentum was too fast
When examining the U.S. market after NVIDIA stock adjusted on June 18th,
3) Supply and demand factors
1) The ascent speed was too fast.
When you check the stock price of NVIDIA and the 200-day moving average, both have continued to rise. However,The deviation rate from the 200-day moving average has widened due to the rapid pace of the stock price increase.On June 18th, when the stock price reached a high, the deviation rate reached 98%. Based on past cases, when the deviation rate approaches 100%, the stock price tends to either stagnate or adjust.Sector rotationDone.
2) Sector rotation
it showed signs of sector rotation.In terms of the industry-specific increase/decrease rate of the S&P 500 index,showed a level of.

Good morning to all moomoo users!This is a summary of the opening this morning. Thank you.
Market Overview
In today's Tokyo stock market, the Nikkei Stock Average started at 38,608.66 yen, which was 24.36 yen lower than the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2734.32, up 8.78 points.
Top News
The United States added Japan to its 'monitoring list' for foreign exchange and refrained from designating it as a currency manipulating country.
In its foreign exchange report released on the 20th, the U.S. Department of the Treasury added Japan to the 'monitoring list' related to exchange practices. However, Japan and other trading partners are not being designated as currency manipulators.
Related article
There is a possibility of significant fluctuations in the yen due to the unclear nature of monetary policies and exchange rates between Japan and the United States, according to Mr. Makoto Ogawa.
Barclays suggests that a 4-4.5% interest rate spread between Japan and the United States is necessary to prevent the yen from depreciating.
Kanda Finance Minister stated that if there is excessive volatility in the future, he will "appropriately respond" in response to the US foreign exchange report.
On the 21st, Finance Minister Masato Kanda stated that he will continue to take appropriate action if there is excessive volatility, following the US foreign exchange report listing Japan as a surveillance target. He spoke to the press at the Ministry of Finance.
Consumer prices in May rose by 2.5%, expanding for the first time in 3 months, falling below market forecasts.
...

$Apple (AAPL.US)$In recent years, facing a decline in stock prices and a decrease in market share in major markets, the company's development conference, WWDC 24 (Worldwide Developers Conference 24), is attracting significant attention.
At this year's WWDC, AI features such as image editing, summarization, meeting document creation, email drafting, and translation are drawing attention. The smooth integration of these functions could significantly enhance the convenience of the iPhone. If this announcement is successful, the iPhone is expected to regain consumer attention and serve as a catalyst for new model sales.
Depending on the announcements at this year's WWDC, it may result in a significant lead over other companies in the smart phone market.
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Good morning to all moomoo users!Here's an overview of this morning's turnaround. Thank you in advance.
Market Overview
Today's Nikkei Stock Average began at 38823.91 yen, 123.02 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 5.79 points at 2753.93.
Top news
Exports increased for 5 consecutive months in April due to recovery in automobile production - trade balance deficit of 462.5 billion yen
Japan's exports increased for five consecutive months in April compared to the previous year. Exports of transportation equipment picked up in response to a recovery in automobile production, and the depreciation of the yen was also a driving factor. According to April trade statistics (preliminary report) announced by the Ministry of Finance on the 22nd, exports increased 8.3% from the same month last year. It fell short of market expectations (11.0% increase). Decreased by 3.2% on a volume basis. The average value of the dollar and yen was 1 dollar = 151.66 yen, which depreciated 14.7% from the previous year.
The yen is in the first half of the 156 yen range against the dollar, and the dollar has an advantage in overseas time due to falling US interest rates
The yen exchange rate of the Tokyo Foreign Exchange Market on the morning of the 22nd was 1 dollar = the first half of the 156 yen range, almost unchanged from the evening of the previous day. Overseas time was the same in response to Canada's slowing inflation...

$Apple (AAPL.US)$On May 2, Apple announced its second quarter financial results for the fiscal year 2024 (for the three months ended March 30, 2024), causing its shares to surge by nearly 6%. The spike in Apple's stock price was due to better-than-expected numbers. Analysts had predicted earnings of $90.5 billion and $1.51 per share, but Apple actually earned $90.8 billion in revenue with $1.53 per share.
However,
1. Vision Pro ended in failure, leading to manufacturing/production withdrawal.
2. iPhone's passengers carried decreased by nearly 10%.
The service did not grow as much as expected.
Apple is conducting a share buyback instead of increasing investment in research and development (recently, it seems like there have been many share buybacks...).
Slowdown in growth in important markets like China.
There are no upcoming major product line releases. The Vision Pro was a failure and the price was too high. What about the next new product?