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Has PDD Holdings and Shein left you helpless? Amazon reportedly plans to establish direct-owned discount stores for Chinese sellers.
Due to the fact that American consumers increasingly prefer to consume on discount shopping platforms such as Temu and Shein, the e-commerce giant Amazon has to keep up with the times. Amazon revealed that it will establish a discount store sector that allows Chinese sellers to directly ship goods. The logistics time will be controlled within 9-11 days, and the commodity prices are expected to be below $20. This section is expected to be launched this year and is very likely to go online during the "Black Friday" period.
Analysts say that Nvidia's price is still very cheap and that its stock price will double by the end of the year!
Analysts believe that Nvidia's forward P/E ratio is lower than the average level, and the stock price is still cheap. It is expected to continue to soar before the end of the year.
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None of the key issues were answered, and the Nvidia shareholders' meeting failed to calm market fears
Nvidia did not respond to a series of concerns raised by investors at last night's shareholder meeting, causing the stock price to drop by 2% at one point.
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Copy Temu! Amazon's market cap exceeded $2 trillion for the first time, with a close to 4% increase in share price.
On Wednesday, Amazon's stock price rose by over 4% to $194.80, reaching a market cap of $2 trillion for the first time. According to reports on the same day, Amazon will launch a discount zone similar to Temu on its website, marking its strongest response yet to the rapid growth of low-price websites such as Temu and Shein.
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Hedge funds' favorite US stock is not Nvidia.
Microsoft takes the lead in the AI wave and is attracting great interest from hedge funds.
Nvidia's "call trend" is becoming more and more intense: stock prices are expected to double within the year, and the market cap will reach 6 trillion US dollars!
A hedge fund manager stated that Nvidia's stock price is still cheap from a forward PE perspective. Eric Jackson expects Nvidia's stock price to reach $250 per share by the end of this year, with a market cap potentially reaching $6 trillion.
Futu Morning News | Nvidia's shareholders' meeting held! Next target will be industrial robot market; Amazon rose nearly 4%, with a market cap breaking through $2 trillion for the first time.
The Japanese yen fell below the 160 mark, reaching a record low since 1986; Micron fell over 7% after-hours, with better-than-expected results but unimpressive guidance for the next quarter.
Is the carnival coming to an end? Hedge funds selling record amounts of technology stocks to retail investors.
Behind the new high of technology stocks is the divergence between hedge funds and retail investors. Hedge funds are selling record amounts of technology/semiconductor/U.S. stock 'seven sisters' stocks to retail investors.
Quick look at Nvidia's shareholder meeting: Huang Renxun confidently emphasizes the cost-effectiveness of their own products.
Huang Renxun said, "The Blackwell architecture platform is likely to become the most successful product in nvidia's history, as well as in the history of the entire computer industry." He pointed out that, when considering performance and operating costs, nvidia's products will be the most economically valuable.
U.S. stocks close | S&P 500 rises for two consecutive days, Amazon up nearly 4%, with a market cap exceeding $2 trillion; shareholder meetings could not reverse the decline, and Nvidia barely closed up.
The Dow Jones Industrial Average closed slightly higher, still hovering near its weekly low, while the seven sisters of American technology stocks rose together, with Tesla up nearly 5%; Micron's financial report is bullish but the guidance is not enough to surprise, and it fell more than 9% after hours; China concept stocks index is hovering near a ten-week low, with NIO Inc. up more than 6%.
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Quick and to the point! The Nvidia shareholder meeting failed to cause any waves. What did Huang Renxun say?
The shareholder meeting, which lasted only half an hour, approved Huang Renxun's $34 million salary plan for fiscal year 2024, a 60% increase over the previous year.
Nvidia Reclaims $3 Trillion: 37% Of Benzinga Readers Nailed Prediction For Under A Month
Tech Sector Lags Communication Services Despite Super Micro, Nvidia Surge