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What's Going On With Taiwan Semiconductor Stock On Wednesday?
Foxconn expects revenue to continue to grow with the demand for AI driving an increase in net income.
Apple's major production partner Foxconn expects revenue to grow this quarter and year. Thanks to the demand for servers driven by the application of artificial intelligence, Foxconn's net income in the second quarter achieved growth. On Wednesday, Foxconn said that net income for the second quarter was NT$35 billion ($1.1 billion), which is basically consistent with analyst expectations. Foxconn's previously announced second-quarter revenue was NT$1.55 trillion, an increase of 19% and exceeding expectations. This performance is largely due to the growth in the server business that provides data center operators with servers containing Nvidia's AI accelerator. Foxconn relies on a close relationship with many global technology giants.
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Google's New Phones Aren't Really About the Phones -- Heard on the Street -- WSJ
Wall Street giants' movements in the second quarter exposed! Global asset management giant BlackRock and Vanguard are keen on the seven US giants.
Which direction is the most favored?
Citigroup Q2 holdings: reduced holdings in Nvidia (NVDA.US), increased holdings in Apple (AAPL.US), and sold various ETF options in large quantities.
Citigroup's total market cap of positions in the second quarter reached approximately $156 billion, while the total market cap of positions in the previous quarter was approximately $152 billion, representing a quarter-on-quarter increase of approximately 2.6%.
Wells Fargo & Co re-purchased the "Seven Giants" in Q2 and bought put options on the Nasdaq 100 ETF.
According to the Securities and Exchange Commission (SEC) disclosure, Wells Fargo & Co filed its second quarter (Q2) form 13f holding report ending on June 30, 2024.
Apple Is Now India's Fastest-Growing Manufacturer In 50 Years: Report
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Apple Insider Sold Shares Worth $1,121,037, According to a Recent SEC Filing
Norway's $1.7 trillion sovereign wealth fund slightly reduced its shareholdings in Meta, Novo-Nordisk and ASML Holding.
Norway's sovereign wealth fund with a size of 1.7 trillion US dollars reduced its holdings in Meta Platforms Inc., Novo Nordisk, and ASML Holding in the first half of the year. These stocks are all among its top ten holdings. According to the latest investment list released on Tuesday, Norges Bank Investment Management (NBIM) reduced its stake in Meta to 1.18%, with a value of approximately 15.1 billion US dollars as of mid-year, down from the holding ratio of 1.22% at the end of 2023. The fund held 1.75% of Novo Nordisk's shares at mid-year.
Technology giants are still the "darlings" of Wall Street investment banks! BlackRock Q2 heavily favored Microsoft, Nvidia, while Morgan Stanley aggressively bought Chinese concept stocks.
The position report of "crocodiles" has just been released!
Changjiang Securities: Apple (AAPL.US) released the Apple Intelligence asia vets assistant, heterogenous chips may become a new direction for AI computing power.
Compared to GPUs, TPUs do not need to access memory frequently, reducing the number of interactions with storage and significantly improving computing efficiency.
Blackrock still loves technology giants: increased shareholding in Nvidia (NVDA.US) and Apple (AAPL.US) in Q2, and Microsoft (MSFT.US) remains its top heavy stock.
Blackrock has submitted the second quarter holding report (Form 13F).
Apple Stock (NASDAQ:AAPL): 5 Bullish Signs and 1 Red Flag
USA considers rare antitrust measures: split Google (GOOGL.US)
After ruling on the search monopoly, one of the options the US Department of Justice is considering is the rare proposal to separate Google under Alphabet.
The return of "technology faith", investors are crazy buying American technology giants.
Investors have reinvested millions of dollars into large stocks.
Morgan Stanley Fund: Brain-Computer Interface has new progress. What are the other investment directions of 'AI+'?
Morgan Stanley fund said that currently, medical and travel are the two major areas that have been empowered by "AI+" technology.