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1. Investment banks raise target prices, semiconductor equipment stocks rise across the board!$ASML Holding (ASML.US)$up nearly 4%, $KLA Corp (KLAC.US)$up nearly 2%, $Lam Research (LRCX.US)$up over 1%, $Applied Materials (AMAT.US)$up over 1%, all continuing to hit new highs for the year!
Investment bank Raymond James states that driven by various factors such as artificial intelligence and geopolitics, semiconductor equipment spending is expected to grow by at least a single-digit percentage in 2025 and 2026.
Among them, analysts raised the target price of ASML from $1,100 to $1,300; KLA Corporation's target price from $875 to $975; Applied Materials' target price from $235 to $275; and Lam Research's target price from $1,060 to $1,250.
2. Joining forces to compete in AI smartphones, AI services are expected to boost demand!$Apple (AAPL.US)$closed up 1.88%, $Alphabet-C (GOOG.US)$closed up 1.17%, both setting new highs.
Reports say that Apple has told suppliers and partners that it plans to ship at least 90 million iPhone 16 devices in the second half of this year, which is expected to be a 10% increase over the previous iPhone 15 shipments; mainly because the added 'Apple Intelligence' features (AI features) of the iPhone 16 are expected to boost demand.
In addition, on August 13 of this year, Google, the developer of the Android system, the rival of iOS, will also release the Pixel 9 series of phones with some AI features.
3, 'Front-running' interest rate cut expectations, gold stocks surge across the board!$Agnico Eagle (AEM.US)$,$Kinross Gold (KGC.US)$,$Wheaton Precious Metals (WPM.US)$All rose more than 4%,$Newmont (NEM.US)$Up nearly 4%, all hitting new highs for the year.
Recently, Federal Reserve Chairman Jerome Powell's dovish remarks at a U.S. congressional hearing have heated up market expectations for a Fed rate cut. The following day, Powell continued to speak, indicating that the Fed does not need to wait for inflation to fall below 2% before cutting rates. Industry insiders say that a cooling U.S. job market and falling inflation levels will trigger a preemptive rate cut, with the Fed expected to start cutting rates in September this year.
Industry insiders say that the current rise in international gold prices is mainly driven by expectations of the Federal Reserve's monetary policy.
4, Multiple positive factors support uranium prices! Uranium mining giant$Cameco (CCJ.US)$Up nearly 10%, with a year-to-date gain of over 24%, favored by Bank of America.
Recently, Kazakhstan, the world's largest uranium-producing country, unexpectedly raised its uranium mining tax. BMO Capital analysts say this will limit future supply growth and help uranium prices rise. Additionally, U.S. President Biden signed the ADVANCE Act on Tuesday, paving the way for the large-scale construction of new nuclear power plants and the commercialization of new nuclear technologies.
Bank of America analyst Lawson Winder maintains a buy rating on Cameco and has raised the target price from $59 to $60.5.
I. Record highs for U.S. stock giants
II. Record highs for individual U.S. stocks
III. Hot U.S. stock gain and loss chart
Editor/ping