Source: Global Market Report
On Monday, Nvidia, the number one in terms of US stock turnover, closed 4.08% higher and traded 35.496 billion US dollars. Bank of America called Nvidia one of the best “rebounding stocks”; Apple, which ranked number 3, closed up 0.71% and traded 8.267 billion dollars.
No. 1 in US stock turnover on Monday $NVIDIA (NVDA.US)$ It closed 4.08% higher at $35.496 billion. Bank of America analyst Vivek Arya said on Monday that if the semiconductor industry rebounds, Nvidia shares would be a good choice. He anticipates that the semiconductor industry may rebound in the fourth quarter of this year as seasonal headwinds are likely to subside at that time.
Investors are awaiting Nvidia's earnings report later this month, but Arya said September has traditionally been the worst performing month for the semiconductor industry, so investors may need some patience.
He said the good news is that the fourth quarter and the first quarter of next year are generally much better for chip stocks, and this dynamic makes it forecast that the semiconductor industry will rebound at that time. In this case, he believes Nvidia, Broadcom, and KLA shares would be his first choice because these companies are “the most profitable suppliers in their respective end markets.”
3rd place $Apple (AAPL.US)$ It closed up 0.71% and traded $8.267 billion. According to media reports, the Apple iPhone 16 series has now entered the stage of full mass production, and the Zhengzhou Foxconn Company is undergoing large-scale employee expansion to meet final shipment volume requirements. Apple's iPhone 16 series is expected to ship 90 million units this year, and it is hoped to reach 95 million units.
5th place $Microsoft (MSFT.US)$ It closed 0.19% higher at $6.813 billion. Investment bank Wedbush Securities said that according to the performance of companies such as Microsoft and AMD, investors' concerns about the monetization of artificial intelligence by a few companies should be allayed. He called the performance of Microsoft and AMD “more believable in the monetization stage of artificial intelligence.”
6th place $Advanced Micro Devices (AMD.US)$ It closed up 1.86% and traded $5.412 billion. Recently, major news came to light in the field of cybersecurity research. The AMD processor was discovered to have a major security flaw that has continued for decades, and was named “Sinkclose” by the security company ioActive. This vulnerability is hidden in the chip firmware and may allow malware to deeply infect computer memory, posing a serious threat to system security.
9th place$Super Micro Computer (SMCI.US)$It closed 6.33% higher at $4.981 billion. Bank of America Securities issued a report stating that ultra-microcomputer revenue for the fourth quarter of fiscal year 2024 was in line with expectations. The company's revenue guidance for the first quarter of fiscal year 2025 was higher than expected. The median guidance for the full year of fiscal year 2025 was 28 billion US dollars, which is significantly higher than the level of 25.1 billion and 23.8 billion US dollars expected by the bank and the market, which means that demand related to artificial intelligence (AI) is still strong. However, the bank believes that ultra-microcomputer's gross margin for the fourth quarter of fiscal year 2024 was 11.3%, far lower than the bank's forecast of 13.6%. Although the company's revenue increased in FY2025, it is estimated that gross margin will gradually return to the normal range (14% to 17%) until the end of FY2025.
Bank of America Securities downgraded the ultra-micro computer from “buy” to “neutral,” and lowered its target price from $1,090 to $700.
12th place $Alphabet-A (GOOGL.US)$ It closed down 0.84% to $2.587 billion. According to a research report released by Huafu Securities, according to the Google antitrust judgment recently announced, Google is paying Apple to become the default search engine for the Safari browser.
According to the agency, Google's antitrust ruling highlights the huge value of end-side entry. From search engines to system AI, AI is expected to drive hardware innovation in two stages. With the rise of system-level AI, the value of terminal devices to users will further increase, and the willingness to pay is expected to further increase. At the same time, from search engines to intelligent assistants and system-level AI, user value is further transferred to device and system manufacturers.
15th $Palantir (PLTR.US)$ It closed down 2.10% to $2.035 billion. Wedbush Securities said Palantir signed an agreement with Microsoft last week to provide artificial intelligence services to the defense and intelligence community, which could “change the rules of the game” and could become a “launch pad” for the Palantir Artificial Intelligence Platform (AIP). The bank maintained Palantir's incremental rating and target price of $38.
20th$UnitedHealth (UNH.US)$The Group closed 1.17% higher at $1.432 billion.
Editor/jayden