Source: Sina US Stocks On the evening of the 20th Beijing time, the US stocks opened mixed on Thursday, and then the three major indexes rose slightly. Nvidia hit another new high and consolidated its position as the largest market cap company in the US stock market. Initial jobless claims in the United States last week were higher than expected, and real estate and manufacturing indexes were below expectations. Until the manuscript was submitted, the S&P 500 index rose 0.29% to break through 5500 points, the Nasdaq Composite Index rose 0.37%, and the Dow Jones Index rose 0.13%. The US stock market was closed on Wednesday due to the June holiday (Juneteenth). On Tuesday, the S&P 500 index and the Nasdaq both set new historical highs. The US stock market is expected to record gains this week. The S&P 500 index set its 31st new high this year on Tuesday. Due to the continued AI craze and the resilience of economic growth, it is expected to continue to support corporate profits, especially in the technology sector. Nvidia's stock price hit another new high. The AI darling and chip maker surpassed Microsoft last Tuesday and became the world's most valuable company. Against the background of the continued AI craze boosting the stock market, Nvidia's stock price has risen 174% from 2024 to date. As Nvidia consolidates its position as a thriving market leader in the AI theme market, its market value has surpassed that of Apple in early June. "Nvidia is still the most important stock in the world," said Chris Weston, head of Pepperstone research, in a report. However, Weston warned that the overall performance of the index market was poor, and the market participation was mediocre, suggesting that the rise was built on an unstable foundation. "The fact remains that the market is still very bullish on AI-related stocks and large tech stocks, and given the lack of clear immediate risks, the path of least resistance is for stock indices to rise." While consumer spending has shown signs of slowing and hints at potential economic weakness, investors continue to flock to the AI giant. The rise of Nvidia has also boosted its peers. Chip maker Broadcom has surged more than 60% from 2024 to date. Scott Chronert, Citigroup's US stock strategy director, wrote in a report on Tuesday: "We still believe that Wall Street (the S&P 500) is diverging from the corporate sector (the foundation of the US economy), is this strange? There is no doubt that generative AI is currently infiltrating the US stock market environment as a sustained driver of growth." Nevertheless, some commentators have noted that while this doldrums has not yet fully affected the US stock market, which repeatedly sets new highs, the rise lacks breadth beyond the largest tech companies, and this situation may continue to deteriorate. Thomas Fitzpatrick, managing director of R.J. O'Brien and Associates, said, "There's a feeling of AI theme that's very similar to the 2000-2001 US stock style, but as we know, markets stay irrational longer than you stay solvent. But for now, it's hard to stop the speeding train." Sam Stovall, chief investment strategist at CFRA Research, said that due to three major unfavorable factors that will suppress stock prices, the US stock market will see a correction. This Wall Street veteran pointed out that so far this year, the stock market has performed strongly, with the S&P 500 index up 15% from 2024. However, he predicted that the benchmark index would fall 5% due to unfavorable interest rates, inflation, and stock valuations. The inflation rate is declining but still above the Federal Reserve's target of 2%, leading Fed officials to expect only one interest rate cut by year-end. As for Thursday's economic data, the initial claims for unemployment benefits in the United States were almost unchanged last week, and the data for the previous week rose sharply. These data tend to fluctuate before and after holidays and school vacations. Data released by the US Department of Labor on Thursday showed that as of June 15, the number of initial claims for unemployment benefits decreased by 5,000 to 238,000. The number of continued claims for unemployment benefits as of June 8 rose to 1.82 million. In the past year, the number of people applying for unemployment benefits has remained low as the labor market has shown resilience in the face of high prices and high interest rates. The four-week moving average of initial jobless claims rose to 232,750, the highest level since September last year.

The first in the U.S. stock market turnover on Tuesday.$Tesla (TSLA.US)$Tesla's stock has risen 3.71% for the tenth consecutive trading day, reaching a six-month high with a trading volume of $41.77 billion. Since the close on June 24th, Tesla has risen nearly 44%. Product wise, the $100-300 billion product operating income was respectively 401/1288/60 million yuan.

According to the latest car sales performance released by Tesla on July 2nd, the delivery volume in the second quarter exceeded analysts' average expectations.

In the second quarter, the company delivered a total of 443,956 vehicles, exceeding Wall Street previous expectations of 0.439 million vehicles. However, compared with the same period last year, the figure of 0.444 million vehicles decreased by about 4.8%. It should be pointed out that Tesla's delivery volume in the first quarter declined by more than 8.5% year on year, and the company's last consecutive two-quarter year-on-year decline was in 2012. The report showed that the delivery volume of Tesla Model 3 and Model Y in the quarter was 422,405 vehicles, accounting for more than 95% of the total delivery volume, while the delivery volume of the "other models" including Model X, Model S, and Cybertruck was 21,551 vehicles. Tesla produced a total of 410,831 cars in the second quarter.

A person in the industry chain said that Apple has increased the shipment target of the iPhone 16 series for the year to about 90 million units; Apple's sales during the 618 e-commerce promotion period have significantly increased, which may boost Apple's sales expectations for the iPhone 16 series. Wedbush Securities analyst Dan Ives wrote in an investor report, "We believe that after performing better than expected in the first quarter, optimistic signs of iPhone growth are forming in various markets. Ultimately, we believe that the second quarter will be the last quarter of negative growth in the Chinese market, and the turning point for growth will begin in the third quarter. The Chinese market is still the key to Apple's growth, and we believe that this key region will once again achieve growth from the iPhone 16." Investment bank Piper Sandler raised its target price for Apple, but pointed out that much of the recent good news has been "reflected in the stock price." The analyst at the bank, Matt Farrell, raised the target price of Apple from $190 to $225 and rated the stock as "neutral." Melius Research analyst Ben Reitzes maintained a buy rating for Apple and raised his target price from $227 to $260.

"Bond King" Gross commented Tesla's rising trend, stating, "Tesla's performance is like that of a Meme stock."

The second.$NVIDIA (NVDA.US)$Nvidia's stock rose 2.48%, with a trading volume of $36.713 billion. KeyBanc analyst John Vinh raised Nvidia's target price from $130 to $180. In addition, according to media reports after the close of the US stock market on Tuesday, Nvidia CEO Huang Renxun cashed out $30.7 million.

The third.$Apple (AAPL.US)$Amazon's stock rose 0.03%, with a trading volume of $6.538 billion. Analyst Mark Shmulik of Jefferies Group maintained a buy rating for Amazon and raised the stock's target price from $200 to $210.

Eli Lilly and Co. won a recent weight-loss drug competition: Patients who took Lilly's Mounjaro lost more weight than those who took Ozempic. The average weight loss for patients taking Mounjaro was 5.9% in three months, compared with a 3.6% reduction in weight for those taking Ozempic. By six months, Mounjaro users lost an average of 10.1% of their weight, while Ozempic users only lost 5.8%.

Microsoft and Occidental Petroleum have entered into a carbon emission agreement worth hundreds of millions of dollars, which is a record-breaking deal. The latest agreement highlights the enormous challenges the technology industry faces in delivering its climate promises as demand for electricity surges in the AI wave. Micro Devices analyst John Vinh maintained a buy rating for AMD and lowered his target price from $230 to $220.

Taiwan Semiconductor's stock fell 1.13%, with a trading volume of $3.686 billion. Mehdi Hosseini, an analyst at Susquehanna International Group, maintained a buy rating for TSMC and raised the target price from $180 to $200.

Tesla's stock rose 0.38%, reaching a new historical high, with a trading volume of $10.987 billion and a market value of more than $3.5 trillion.

Ranked fourth.$Microsoft (MSFT.US)$Tesla's stock fell 3% with a trading volume of $2.025 billion. According to media reports on Tuesday, AI and Oracle's negotiations have stalled due to Oracle's concerns about the adequate power supply to the supercomputer site and Musk's request for faster construction than Oracle expected.

Under Tuesday's announced agreement, Occidental Petroleum, one of the largest petroleum producers in the United States and also a major petroleum stock held by Warren Buffett, will sell 0.5 million carbon credits to Microsoft over the course of six years, with the specific amount undisclosed. The two companies said this is the largest transaction of its kind.

The fifth.$Advanced Micro Devices (AMD.US)$Meta Platforms' stock rose 0.13%, with a trading volume of $4.66 billion. Piper Sandler analyst Thomas Champion maintained a buy rating for Meta Platforms and lowered the target price from $600 to $545.

The seventh.$Amazon (AMZN.US)$Apple's stock rose 1.58%, with a trading volume of $2.245 billion. Micro Devices analyst John Vinh maintained a buy rating for AMD and raised the stock's target price from $130 to $180. In addition, according to media reports after the close of the US stock market on Tuesday, Nvidia CEO Huang Renxun cashed out $30.7 million.

Ranked ninth.$Meta Platforms (META.US)$Apple's stock fell 1.44%, with a trading volume of $7.939 billion.

Ranked tenth.$Taiwan Semiconductor (TSM.US)$Micro Devices' stock fell 0.89%, with a trading volume of $7.685 billion. Investment bank Piper Sandler raised its target price for Apple, but pointed out that much of the recent good news has been "reflected in the stock price." Analyst Matt Farrell raised Apple's target price from $190 to $225 and rated the stock as "neutral." Melius Research analyst Ben Reitzes maintained a buy rating for Apple and raised his target price from $227 to $260.

11th place$Intel (INTC.US)$Tesla's stock rose 3.71%, marking its tenth consecutive trading day of gains and reaching a six-month high, with a trading volume of $41.77 billion. Tesla has risen nearly 44% since the close on June 24th.

Ranked 14th.$Eli Lilly and Co (LLY.US)$The weather is good today The weather is good today.$Novo-Nordisk A/S (NVO.US)$Please use your Futubull account to access the feature.

16th place.$Oracle (ORCL.US)$Micro Devices' stock rose 1.77%, reaching a new high since April with a trading volume of $3.359 billion.

Editor/Lambor