In the early morning of the 29th, Beijing time, the US stocks fell on Wednesday and fell more than 1%.Investors are waiting for Nvidia's financial report and pay attention to the prospects of the Federal Reserve.It is believed that the overall economy of the United States will slow down but will not decline.
The Dow fell 112.55 points, and the decline was 0.27%to 41137.95 points; the Nasda Index fell 189.58 points, a decrease of 1.07%, at 17565.24 points; the S & P 500 index fell 29.78 points, a decrease of 0.53%, at 5596.02 points.
Nvidia's financial report has attracted much attention
Wall Street has been paying attention to the financial report of the chip giant Naviga, hoping to measure the sustainability and future potential of technology and artificial intelligence (AI) sectors.Nvidda will release financial reports after closed on Wednesday, Eastern Time.So far in 2024, Nvidia's stock price has soared by 159%, which has aroused questions about how much operating space in the stock.
Nvidia's performance is the key indicator of market trends. Nvidia has increased significantly by virtue of its dominant position in the field of artificial intelligence to calculate the hardware field.Since 2019, its stock price has risen by about 3,000%, and its market value has reached 3.2 trillion US dollarsVaranasi Investment. The fluctuation of its stock price will affect the entire market.
Analysts said that if the performance guidance of the chip manufacturer is lower than expected, it may shake investors' confidence in the rebound of the market for artificial intelligence.
Investors will focus on the delivery schedule of Nvidia Blackwell chips, and the company's expression of the latest AI demand.
Wedbush analyst Dan Ives said that the upcoming Nivine Financial Report is "the most important technology stock financial report in recent years".He said that the reason why this financial report is so important is because the booming AI investment in the stock market depends on Nvida's GPU chip.
"I think the importance of Nvidia's financial report may exceed inflation data. We know what the speed of inflation is getting better, but we do n’t know what the performance forecast of this artificial intelligence giant may be better than the Yingwenda financial report.May have a impact on the market. "
Alberto Tocchio, the investment group manager of Kairos Partners, said: "Nvidia's financial data will be good, but it is important to understand whether the demand is still healthy. If we get bad news, the market rotation will be more severe because we are currently currentThe market still attaches great importance to large technology stocks. "
Because Nvidia's weight in the S & P 500 is second only to the company, and its high valuation makes it prone to significant fluctuations that may have a wide range of influence in the market.
The market is expected to have a Nvidia financial report that will cause its stock price to fluctuate.Its huge scale and the status of the industry leader means that its financial report is enough to affect the entire market.
The pricing of the option market shows that traders predict that the stock price may have nearly 10%(more than 300 billion US dollars market value) after the release of Yingweida's financial report, which may be one of the largest financial report fluctuations in the history of the American listed company. This is equivalent to the 100 indexes of the 100 indexesAbout 160 fluctuations, or 0.8%changes.
Truist Securities raised Nvidia's target price from $ 140 to $ 145.
Erin Browne, managing director of Pacific Investment Management Company (PIMCO), said on Tuesday: "It is difficult to explain whether the market sentiment will be too optimistic." She pointed out that the transaction price of other AI stocks is about 10% lower than the historical high.The current valuation of Nvidia is not expensive compared to the five -year average.
"Therefore, although there must be a lot of optimism, I think the Nvidia's financial report will still surprise the market, which will bring about the uplink space for the stock."
Capital.com Analyst Kyle Rodda pointed out that the performance of the so -called most important company in the world will determine whether Wall Street can reach a new high and set a tone for the entire industry.He said: "The company's income and sales guidelines are the barometer of AI capital expenditure, and it can be speculated that the health of other large technology companies."
Retailer Nordstrom's stock price has risen. Earlier, the company announced that the profitable profit after the second quarter exceeded expectations.
Chip developer Ambarella's third fiscal quarter revenue guidance is optimistic and promotes its stock price to rise.
The owner of the Calvin Klein clothing brand PVH is disappointed with the prospects of this quarter, making its stock price plummeted.
Bellaide said that the US economy will slow down but will not decline
In addition to Nvidia's financial report, the market is still trying to cope with the possibility of US economic recession and pay attention to whether the Fed can quickly cut interest rates to achieve soft landing.The currency market is currently expected to cut interest rates at about 100 basis points this year, as soon as September.
Global Asset Management Giant Bellaide believes that the overall US economy will slow down, not decline.Bellaide said that the overall US economy is expected to slow, not decline, especially after Wall Street observed that American companies (especially in the science and technology field) financial reports are stronger than expected.
"Bellaide said:" The US corporate financial report, especially the expected US corporate financial report, especially technology companies have reiterated our optimistic views on the US economy. So far, the profit growth rate of technology stocks and non -technology stocks in the second quarter is 20%and 20%and respectively.5%, higher than 18%and 2%expected at the beginning of the financial report season.
Bellaide also emphasized that the latest initial invitation to unemployment, the US Supply Management Association (ISM) service industry data and the Fed's loan survey showed that the US economy is slowing instead of declining.
The bank said: "In the case where summer transactions are light, we may still see slight fluctuations. We continue to exceed Japanese stocks and US stocks, and we are optimistic about the American artificial intelligence theme."
Nvidia will announce financial reports after the closing of US stocks on Wednesday.Analysts said that if the performance guidance of the chip manufacturer is lower than expected, it may shake investors' confidence in the rebound of the market for artificial intelligence.
Nvidia has become a key vane of technology stocks and a broader artificial intelligence industry. Investors will measure the health of the artificial intelligence industry based on their second fiscal quarter results.
Data show that within the week as of August 25, there were 1,4200 vehicles in Huaxin car, and it is expected to achieve record performance in the Indian market at the end of the third quarter of this year.
Tesla does not announce the sales data in India every week, but can generally infer its overall performance in India through its new car registration.Some industry observers have followed Tesla India's registration data closely. At the same time, Indian local car manufacturer cars have also reported to the new car in Indian social media.
According to the recent data released by the ideal car, Tesla registered with 1,4200 vehicles in China in the week of August 25.In addition, in the week of August 18, Tesla's registration in China was 1,4300 vehicles; 1,5500 vehicles in the week as of August 11;Essence
Industry observer pointed out that in the current quarter, Tesla showed a strong signs of recovery in the Chinese market.Gary Black, a Teslador investor and future fund management partner, said that in the third quarter, Tesla's registered volume in China has increased by 10%year -on -year and 30%from the previous month.
According to media reports, Chen Liwu, a senior person in the semiconductor industry, withdrew from the board of directors because he and the company's CEO Pat Gelsinger and other directors have differences in the company's redundant employee size, the culture of dislike risks, and the backwardness of artificial intelligence strategies.
The media quoted people familiar with the matter saying that Chen Liwu was worried that Intel's middle management personnel were too much, which affected the development of the server and desktop -type movement.People familiar with the matter also said that the number of employees engaged in some teams in Intel is five times that of competitors.
Apple is working with Indian Telecom giant Bharti AIRTEL to provide high -quality free music and video streaming services for Batty Telecom's high -end customers.This moves the relationship between the American giant company and the most populous countries in the world.
So far, Apple TV+has been different in the field of streaming in the field of streaming.The well -known original episodes under Apple TV+streaming services include "TED LASSO", "Morning Show" and "Slow Horse".
Recently, Google Cloud united with National Research Group released a new survey, revealing the specific impact of generating AI on corporate income.From February 23 to April 5 this year, 2508 senior executives of global companies with income of 10 million US dollars or above were investigated.
The survey results show that 74%of companies using Genai using Genai in at least one application received investment returns within one year.86%of the respondents said their income increased by more than 6%.
Google reports that through the consciousness of incorporating AI technology into enterprise operations, the company can achieve significant financial returns, improve efficiency, and maintain growth trend.The new generation of artificial intelligence is an important tool for maintaining competitiveness in a rapidly changing market.
People familiar with the matter revealed that fast business services may be launched in India in the first quarter of 2025.Lianbo Group maintains Amazon buying rating and maintains a target price of $ 210.Chennai Investment
Social media giant Facebook's parent company Meta Platforms announced on Wednesday that it will close its augmented reality studio Meta Spark to invest in other key businesses such as artificial intelligence.
Meta Spark allows developers to make digital filters that can be superimposed on videos such as Facebook, Instagram, and Messenger.Initially, the studio was established to compete with Chat with a picture filter.Meta pointed out in a statement on Tuesday that Meta Spark will be closed on January 14, 2025. Despite this, META will continue to provide the augmented reality of independent development.
Meta wrote in a related blog post: "After careful consideration, the company decided to turn the investment priority to other core projects." "As the Meta Spark platform is closed, we are also turning resources to a new generation of experience, such as smart glasses, etc.New forms.
It is reported that the 3nm/5nm process revenue in the first three quarters exceeded NT $ 1 trillion.
Ideal car's second quarter revenue exceeded expectations.
After the performance, the target price was lowered by many big banks.
After Ctrip's performance, it was optimistic about many institutions.
Bitcoin once fell more than 6%within a day.Affected by this, cryptocurrency concept stocks such as Bit Digital, Bitfarms, MicroslateGy, Coinbase, Riot Platforms fell.
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