Google and Nvidia surged. Google-A closed 10.22% to $171.95, a record high on Friday; Google-C closed up nearly 10% to $173.69, also a record high; Google's total market capitalization surpassed 2 trillion US dollars, ranking fourth in US stocks.
Google's parent company's total revenue for the first quarter was US$80.54 billion, up 15% year on year, the fastest growth rate since the beginning of 2022, and net profit jumped 57% year over year to US$23.66 billion. Another driving force behind the sharp rise in Google's stock price was Google's decision to pay a quarterly dividend for the first time and authorized an additional 70 billion US dollars of shares to be repurchased.
The AI “shovel seller” Nvidia made a full recovery. It surged 10% in two days, and its market capitalization surged by 200 billion US dollars; this week it has accumulated a cumulative increase of 15.14%, increasing its market value by nearly 290 billion US dollars, the biggest weekly increase since May 2023.
Nvidia's first DGX H200 worldwide was officially delivered to OpenAI, and Nvidia CEO Hwang In-hoon personally delivered it. According to OpenAI President Brockman, this will advance artificial intelligence, computing, and human development.
Recently, there have been large fluctuations in the 10 billion private equity Oriental Port products. The recent trend of many products is similar to Nvidia's stock price trend.According to data from the Private Equity Ranking Network, from April 15 to April 19, many products under Oriental Port retracted by more than 10% on a weekly basis, and the weekly net value of the Dongfang Gangwan Qiting No. 1 Private Equity Investment Fund fell 11.06%.
Industry insiders speculate, but Bin may have taken a heavy position with Nvidia.
However, Bin responded on social media: Indeed, Nvidia's decline had an impact on us! However, it has been rising quite a bit for two days. It will continue to rise before the market tonight. Maybe the one that fell last week will go back up this week. If the quarterly results are good, it may break through and stand above 1,000!
However, Bin expressed his confidence in Nvidia: “Nvidia fell 10% last Friday. It has rebounded quite a bit over the past two days. If it rises again tomorrow, it will come back again! Nvidia revealed its first-quarter results on May 22. If good, the possibility of breaking through the $1,000 mark at a record high is not ruled out. Historically, every sharp drop in US stocks was an opportunity to buy. The trend over the past two days once again confirmed this view. Looking at the long-term profitability of an enterprise is the most critical. This should be the fundamental point of thinking about investment. Otherwise, in order to avoid short-term changes or risks, greater opportunities will be missed, and investments should be viewed as far as possible.”
Oriental Harbor worked overtime during the New Year's Day holiday to publish a long article of more than 4,000 words, focusing on the direction of AI investment and pointing out that AI is looking ten years from now, and everything has just begun. Dongfang Gangwan believes that the influence of AI technology on human society is far more far-reaching than the previous Internet technology, making it a greater enterprise and creating more impressive wealth.
Regarding the AI question, fans previously questioned him singing at a high rank, but Bin said, “Is it at a high position or at the foot of the mountain, the benevolent see the wise, but if you think about “why would the vast majority of people miss an era”?! At the dawn of any major era, why are there always a few who make big money?!
However, Bin also revealed that the company's investment direction is shifting to the field of artificial intelligence, and the investment and research team is also focusing more on talents in the field of technology.
As stock price fluctuations increase, investors' differences over technology stocks and US stocks are also growing.
Goldman Sachs believes that AI drives the rapid operation of the market, but “AI fuel” is far from being exhausted. The stock market is in the first stage of the AI-led boom, and its influence will continue to expand, boosting more and more industries.
Jeremy Grantham, co-founder and chief investment strategist at asset management company GMO, said in an interview that US stock prices are now ridiculously high and are likely to be in trouble. He believes that the artificial intelligence concept that is now being feverishly hyped up by the market is a “bubble that is bound to burst.”
Chen Yu, general manager of the well-known private equity giant V Beijing Shennong Investment, published an article in late March to raise the risk of buying Nvidia. Furthermore, he believes that for domestic investors to invest in US stocks, on the one hand, research lacks precision and must overcome the two major barriers of science and geography; on the other hand, there are also risks due to insufficient understanding of the US stock market.