Goldman Sachs Asset Management sounds the alarm: US stocks are expected to cool down in the second half of the year, and it is now necessary to stay away from popular AI stocks.
Goldman Sachs Asset Management predicts that the growth rate of the US economy will slow to around 2% in the second half of 2024, and due to the decline in corporate profit growth and increased political concerns, the US stock market will remain basically stable.
Express News | At the opening of the US stock market, the Dow Jones fell by 0.01%, the Nasdaq rose by 0.34%, and the S&P 500 index rose by 0.20%. Most semiconductor stocks rose, with Intel rising more than 3%, ASE Technology rising nearly 3%, and Nvidia rising nearly 2%
ASE Technology Shares Are Trading Higher After the Company Reported June Revenues.
ASE Technology Shares Are Trading Higher After the Company Reported June Revenues.
ASE Technology June Revenue Drops 4.5% Y/Y to $1.45B; Q2 Revenue Sequentially up 2.5%
ASE Technology Reported June 2024 Revenue Of $1.45B, Down By 4.5% YoY, Q2 Revenue Of $4.35B, Down By 2.4% YoY
ASE Technology Holding Co., Ltd. (NYSE:ASX, IEX:3711, " , ASEH" , or the " , Company" , ))))), announces its unaudited consolidated net revenues for June and 2nd quarter of 2024.CONSOLIDATED NET REVEN
Entering an upward cycle? The semiconductor industry's price increases are becoming more intense. The chip concept in the Hong Kong stock market is gaining strength against the trend.
How do institutions view the recent intensive price increases in the semiconductor industry? Which individual stocks have outstanding performances in the Hong Kong stock market's chip concept in spite of the trend?
Will the global chip supply be affected by Samsung's largest-ever strike?
On Monday, Samsung Group will face the largest strike since the company was founded half a century ago - thousands of workers at Samsung Electronics will walk out of the assembly line for a three-day strike. This unprecedented strike may damage Samsung's reputation and trigger similar activities throughout the technology industry, and may also affect the normal operation of the entire chip supply chain.
Semiconductors have started a wave of good news? Both domestic and international players have seen a significant increase in performance to recover from the industry downturn.
The wind of the semiconductor industry's recovery has already begun. Recently, many semiconductor companies at home and abroad have reported impressive company business data, with many net incomes skyrocketing in the first half of the year or the second quarter.
Is the market becoming impatient? More and more people are discussing the fact that AI burns so much money but earns so little.
So far, AI technology has produced almost no economic benefits. Faced with the huge gap between burning and earning money with AI, the market's patience for technology stocks is gradually disappearing.
The AI wave has driven the amount of risk investment in the USA to a new high in nearly two years, while the exit activity has continued to be sluggish.
In the second quarter of 2024, the amount of venture capital in the USA reached $55.6 billion, a 47% increase compared to the previous period and also the highest in the past two years. However, the continued slump in exit activities also poses challenges to the sustainability of VC financing and subsequent investments.
Express News | Powell: Feels like AI will bring about significant changes.
Top asset management giants support the AI craze: Nvidia and other AI leaders will continue to drive the bull market.
Top asset management giants believe that ai still has a lot of driving force to push the stock market up; investors expect the US stock market to rise by as much as 9% in the second half of this year; ai is still a big theme, closely related to profits.
ASE Technology To Go Ex-Dividend On July 2nd, 2024 With 0.32161 USD Dividend Per Share
June 30th (Eastern Time) - $ASE Technology(ASX.US)$ is trading ex-dividend on July 2nd, 2024.Shareholders of record on July 2nd, 2024 will receive 0.32161 USD dividend per share on August 2nd, 2024. T
Goldman Sachs has internal disagreements regarding the most sensitive issues in AI, but "even if it is a bubble, it will continue for a long time".
Goldman Sachs analysts generally believed that the shortage of chips and electrical utilities supply could limit the development potential of AI technology. However, if AI can significantly accelerate economic growth and corporate profitability without exacerbating inflation issues, the long-term return on the S&P 500 index will be higher than the average level.
US stocks anomaly: ASE Technology's semiconductor rose more than 1.2%, accelerating the layout of overseas advanced packaging production capacity.
On June 26th, ASX.US rose 1.22% to $11.61. On the news front, after the shareholder meeting held by ASE technology on the same day, Wu Tianyu, the group's operation director, stated that ASE technology is actively expanding its overseas operations to meet the needs and changes of the global semiconductor industry. Currently, in terms of advanced packaging layout, Japan, Mexico, and Malaysia are all possible locations for building advanced packaging plants.
Renesas Electronics is accelerating the layout of advanced packaging production capacity overseas, considering locations such as Japan, Mexico, and Malaysia.
On June 26th, Guolonghui reported that on the same day, the Ruentex Industries held a shareholders meeting. After the meeting, the group's chief operating officer, Wu Tianyu, said that Ruentex Group is actively deploying overseas operations to respond to the needs and changes of the global semiconductor industry. In terms of advanced packaging layout, they are considering building advanced packaging plants in Japan, Mexico, and Malaysia.
Chinese Equity Market Shows Momentum to Return Cash to Shareholders
0910 GMT - The Chinese equity market's momentum to return cash to shareholders looks promising, Goldman Sachs analysts say in a research note. The strong policy push by regulators could further encour
US stock market early trading | The three major indexes have mixed gains and losses, semiconductor stocks have declined, and Nvidia has fallen more than 4%.
Most popular China concept stocks declined, with XKE surpassing 4% decrease, Netease falling over 2%, JD.com and PDD Holdings both dropping nearly 2%, and Bilibili rising against the trend with over 3% increase.
BlackRock: Maintaining an overweight position on the themes of technology and AI.
Blackrock stated that in the short term, a few winners in artificial intelligence will bring investment returns in terms of tactical configuration, so they continue to maintain an overweight view on technology and ai themes.
Express News | The opening of the US stock market is mixed, with the Dow down 0.08%, the Nasdaq up 0.29%, and the S&P 500 index up 0.22%. Dell Technologies rose more than 5%, and Super Micro Computer rose nearly 5%, providing server racks for Musk's AI start-up company