NVIDIA firmly holds the throne of AI Chips: Will Broadcom's challenge succeed?
NVIDIA's Stocks have recently declined, while investor interest in Broadcom is rising. However, why does NVIDIA still hold the upper hand in the AI Chip field?
Annual review | The "report card" for Global major asset classes is out! Bitcoin has surged 136% this year, leading the world, with strong performances from US stocks, China assets, and Japanese stocks.
In this spectacular year, which asset classes have been dominant globally? Which market symbols have underperformed? Let's review together!
Microsoft Corporation (MSFT) Leads AI Investment in 2024, Purchasing 485,000 Nvidia GPUs to Power AI Infrastructure
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BOCOM INTL initiates coverage of NVIDIA (NVDA.US) with a "Buy" rating and a Target Price of $170.
The research report from BOCOM INTL indicates that there is no reason for NVIDIA (NVDA.US) to stop, initiating coverage on the stock with a rating of "Buy" and a Target Price of $170. The firm expects the non-GAAP earnings per share for the next two fiscal years to be $2.95 and $4.32 respectively. The firm believes that the increased visibility of the company's revenue in 2026 and the rise of the retail GPU business could be important catalysts for future stock prices. The firm states that the company will continue to dominate in the field of accelerated computing chips in the long term, and believes that the recent challenges from ASICs to NVIDIA's market share are notable.
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
Top 20 by transaction volume | Micron's performance far below expectations, stock price drops over 16%; MicroStrategy down over 6%.
On Thursday, the 5th largest stock by trading volume in the U.S. market, MicroStrategy, fell by 6.63%, with a transaction volume of 9.015 billion USD; the 9th place, Micron Technology, dropped by 16.18% with a transaction volume of 7.934 billion USD; and the 18th place, SoundHound AI, fell by 9.55%, with a transaction volume of 2.789 billion USD.
U.S. stock market close | The three major Indexes had mixed results, with the Dow ending a 10-day losing streak; Quantum Computing concept stocks corrected, with QUBT and Quantum down about 40%; FedEx surged more than 13% after hours.
① The Dow Jones slightly increased, while the S&P 500 Index and Nasdaq slightly decreased; ② Micron Technology dropped over 16%; ③ Nike rose more than 10% in Post-Market Trading.
NVIDIA Options Spot-On: On December 19th, 3.33 Million Contracts Were Traded, With 28.9 Million Open Interest
On December 19th ET, $NVIDIA(NVDA.US)$ had active options trading, with a total trading volume of 3.33 million options for the day, of which put options accounted for 37.03% of the total transactions,
The Dow Index weakly rebounded, only gaining 15 points, while the Nasdaq fluctuated to close lower. NVIDIA and Amazon both rose over 1%.
The Federal Reserve's "hawkish" stance reduces the rate cut expectations for next year. After a sharp decline in U.S. stocks on Wednesday, the three major indices struggled to rebound on Thursday, opening higher but then trading lower. The Dow Jones, which plunged 1,100 points yesterday, briefly rebounded 460 points in the early session before retreating, ending mildly up 15 points at 42,342 points, breaking a ten-day losing streak. The S&P 500 Index closed down 5 points or 0.1%, at 5,867 points; the Nasdaq fell from nearly a 1% gain to close down 19 points or 0.1%, at 19,372 points. Technology stocks showed mixed performance, with NVIDIA (NVDA.US) and Amazon (AMZN.US) both rising over 1%, while Tesla rebounded over 3%.
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Heard on the Street: Micron Not Saved by AI This Time -- WSJ
Block Stock Has 32% Upside, Analyst Says. How Bitcoin Can Help. -- Barrons.com