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Key focus
1. AI demand far exceeds expectations! Cloud giants$Oracle (ORCL.US)$The performance was strong, surging nearly 12% overnight, and Wall Street sounded bullish horns one after another.
Oracle's performance for the third fiscal quarter of 2024 was better than Wall Street's expectations, and it said it had signed a series of large-scale cloud computing service contracts driven by demand for artificial intelligence. Combined with the third fiscal quarter ending in February, Oracle's remaining performance obligation (RPO, measure of Oracle's sales backlog) was US$80 billion, which greatly exceeded analysts' expectations of US$59 billion, indicating that the positive impact of the AI boom on Oracle far exceeded investors' perceptions.
Wedbush, a well-known investment agency on Wall Street, gave Oracle a 12-month target price of 150 US dollars after Oracle announced its latest results, maintaining a “buy” rating.
2. The carnival is not over yet!$NVIDIA (NVDA.US)$A strong rebound of more than 7%, a “big AI stock” that is deeply tied to Nvidia$Super Micro Computer (SMCI.US)$It surged nearly 8% overnight.
After experiencing a two-day correction, Nvidia shares once again returned to the $900 mark. According to reports, part of the increase may be due to the optimism brought about by the upcoming Nvidia GTC 2024 conference. The annual global AI conference, Nvidia GTC, will open from March 18 to 21. At that time, Hwang In-hoon will deliver a speech on the theme “1 #AI峰会（1 # AI Conference for Developers for Developers)”.
3. The explosion of Chinese assets! The Nasdaq China Golden Dragon Index rose nearly 4% to a new high during the year. Among popular Chinese securities,$KE Holdings (BEKE.US)$It surged nearly 11%,$Li Auto (LI.US)$An increase of nearly 9%.
The Nasdaq Golden Dragon Index has been rising for three consecutive trading days during the week, with a cumulative increase of nearly 7%. Industry insiders pointed out that various factors, such as recent domestic economic data exceeding expectations, falling interest rates on US bonds, and a correction in other Asian markets, have supported the recent strengthening of China's asset market. Looking at the current point, there is a high probability that the Federal Reserve will enter a cycle of interest rate cuts. Global liquidity may have reached an inflection point. We should actively pay attention to overseas undervalued Chinese assets in the near future.
1. Innovative high-ranking US stock giants
II. Innovate individual US stocks
3. List of the rise and fall rates of popular US stocks
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