Hello MOOMOO users, good morning!Here is a summary of the morning opening. Thank you.
Market Overview
On today's Tokyo stock market, the Nikkei average stock price started at 39,040.72 yen, up 338.82 yen from the previous trading day, and the Tokyo Stock Price Index (TOPIX) started at 2720.32, up 18.33 points. The Nikkei average, in addition to the rise in US stocks, also saw buying dominance due to a rebound from a decline exceeding 1,100 yen in the last six days on a closing price basis. However, this week, with foreign investors entering Christmas holidays, it may be difficult for actual demand buying to increase overall trading volume.
Top News
In 2024, it will be the 'year of Bitcoin', what virtual currencies will attract attention next year?
$Bitcoin (BTC.CC)$In 2024, the successful launch of the first US-listed exchange-traded fund (ETF) and the unexpected support for digital assets by the future President Donald Trump made it mainstream. Some investors are skeptical that small tokens like Solana and XRP will follow the same path.
US FX Market Summary: Temporarily softened to 155.90 yen levels in response to lower-than-expected US PCE.
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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

$NVIDIA (NVDA.US)$After reaching an all-time high on June 18th on a closing basis, it fell and by the 24th, it had declined by 13%.This sudden drop, does it signal 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 downside medium..Let's examine the true selling factors to find out. I also want to check the downside medium.I think.
Selling factor.
The reasons for selling NVIDIA this time mainly include the following three.
1) The upward momentum was too fast.
2) Sector rotation.
3) Supply and demand factors
1) The upward pace was too fast
When I checked the stock price of NVIDIA and the 200-day moving average, both continued to trend upwards. However,the stock price's upward pace was too fast, so the deviation ratio from the 200-day moving average widened.When it reached its high on June 18th, the deviation ratio reached 98%. Based on past cases, When the deviation ratio approaches 100%, the stock price either stalls or adjusts..
2) Sector rotation
When we look at the US market after NVIDIA's stock correction on June 18th, The aspect of sector rotationshowed a rise. In the industry-specific rise and fall rates of the S&P500 index...