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1. Benefiting from the news that Nvidia's results will be announced, semiconductor stocks are enjoying a group carnival!$Applied Materials (AMAT.US)$,$Micron Technology (MU.US)$,$Texas Instruments (TXN.US)$,$Qualcomm (QCOM.US)$Qi hit a new high during the year.
According to SEMI's latest report, the global semiconductor manufacturing industry showed signs of improvement in the first quarter of 2024 as sales in the electronics sector increased, inventories stabilized, and fab production capacity increased, and industry growth is expected to be stronger in the second half of the year.
Additionally, Citi raised the price target for applied materials from $211 to $250. Morgan Stanley upgraded Micron Technology's rating to a flat rate, and adjusted the target price from $98.00 to $130.00.
2. “Dr. Copper” continues to soar!$Southern Copper (SCCO.US)$Overnight, it rose more than 3%, and the stock price reached a record high.
According to the official closing price of the London Metal Exchange (LME) on Monday, Luntong closed up more than 2% to 10,889 US dollars/ton, rising above 11,000 US dollars for the first time in history during the early trading session.
Goldman Sachs raised the forecast value for copper prices this year from 10,000 US dollars/ton to 12,000 US dollars/ton, indicating that copper prices must rise to 15,000 US dollars/ton next year to avoid a supply gap. Goldman Sachs expects the copper density of AI data centers to increase from 25 tons to 40 tons per megawatt.
3. Weekly five consecutive days!$Netflix (NFLX.US)$It rose more than 3% overnight to a new high during the year, and has accumulated over 75% this year.
As Netflix improves advertising solutions and targeting, expands partnerships, and adds more live streaming events, Netflix is preparing to accelerate ad revenue contributions by the end of the year and 2025. Additionally, Wedbush reaffirmed Netflix's outperforming market rating and target share price of $725.