Source: Global Market Report On Monday, the turnover of US stocks ranked first, closing up 0.75% with a turnover of $38.014 billion. Since the opening on June 10, Nvidia's stock has been trading at adjusted prices after the split. The overall value of Nvidia is not expected to change after the split, and the lower stock price will make it easier for investors to reach. In terms of product structure, the operating income of 10-30 billion yuan products is respectively 401/1288/60 million yuan.
After a week of intensive earnings reports from large tech companies in the US stock market, one thing is clear: with profit growth slowing down, investors are no longer swayed by promises of artificial intelligence. They want to see results.
Six of the 'Seven Sisters of the American Stock Market' have released earnings reports, with Q2 YoY profit growth slowing down from 50% in the previous quarter to around 30%. Analysts forecast that these companies' Q3 profit growth will further drop to around 17% YoY.
$Microsoft (MSFT.US)$,$Meta Platforms (META.US)$,$Amazon (AMZN.US)$And.$Apple (AAPL.US)$The performance shows that the world's largest companies are still heavily investing in AI. However, Microsoft and Amazon's stock prices fell after the financial reports were released because people are concerned that their AI investments have not brought returns - at least not yet. This also echoed the stock's decline a week ago. $Alphabet-A (GOOGL.US)$The stock price has declined.
$Tesla (TSLA.US)$The report on July 24 also disappointed investors and the financial report will be released later in August. The latest news and comments in recent days have intensified existing market volatility.$NVIDIA (NVDA.US)$They will release the financial report later in August. The latest news and comments in recent days have exacerbated the existing volatility.
Investors have long shifted their focus from large and reliable stocks to smaller, riskier stocks to reduce their positions in large tech stocks. The above financial report results, coupled with the Federal Reserve's statement that it may cut interest rates in September and weaker-than-expected employment reports, have led to a downturn in the market.$NASDAQ 100 Index (.NDX.US)$They are in a downward trend.
On August 2, the tech-heavy index fell 11% from its July high and entered a correction. Investors fled from AI-related stocks and bought bonds, causing US Treasury bond yields to fall.
Kim Forrest, chief investment officer of Bokeh Capital Partners, said that the bond market "tells us that we need to get these types of stocks quickly back down to earth, and it's a little worrisome for everyone. An interest rate cut is usually good for the stock market, unless it's done in haste for bad reasons."
She said that the financial reports of Amazon and other consumer companies showed that the situation of American consumers is weakening, which increased people's concerns about the weakening of the macroeconomic situation.mcdonald's (MCD.US) And.$Starbucks (SBUX.US)$Meta's performance, including comments from CEO Mark Zuckerberg, has boosted investor confidence, indicating that investment in artificial intelligence is helping to drive targeted advertising sales.
Burns McKinney, Managing Director and Senior Portfolio Manager at the NFJ Investment Group, said that investors were already concerned about the disconnect between the hype and reality of tech stocks, leading to a sharp market reaction when large companies perform poorly.
"Some of the recent earnings reports over the past few weeks have reminded investors that many high expectations are included in these valuations," he added.
There have also been some bright spots in the past week, indicating that the AI industry is not completely dead.
Meta's performance, including CEO Mark Zuckerberg's comments, has encouraged investors, indicating that investment in AI can help promote targeted advertising sales. Optimistic revenue expectations were also announced, driving up chip stocks.$Advanced Micro Devices (AMD.US)$Please use your Futubull account to access the feature.
"Fundamentally, companies feel like they have to do this and that if they don't, they'll be irrelevant," said Gene Munster, Managing Partner at Deepwater Asset Management, when it comes to increased AI capital expenditures.
Samantha Azzarello said that the market's violent reaction does not necessarily mean that the AI sector's market has ended.
"On the contrary, this shows that expectations have changed," she said, "we see a transition from pure speculation to demanding real performance."
Editor / jayden
