Deutsche Bank: Short-term bearish on memory, not AI chips, underweight Hynix but still overweight Taiwan Semiconductor.
According to Morgan Stanley, AI is undoubtedly the main driving force behind the continued growth of the logic chip market. Taiwan Semiconductor benefited from a strong performance in the inventory cycle, and is expected to maintain an average revenue growth of 26% over the next four quarters. On the other hand, the memory industry is entering a downward cycle, and companies like Hynix are under pressure.
US Stock Market Outlook | US Stock Market's 'Triple Witching Day' is coming! $5.1 trillion options are expiring; change of leadership, Nike's pre-market surge of nearly 8%
US stocks hit a new high! The highest target on Wall Street: the S&P 500 could soar to 6100 points by the end of the year; FedEx shares fell nearly 13% before the market opened, narrowing the range of full-year profit estimates.
Express News | Analyst Guo Mingchi: The iPhone 17 series will use a 3-nanometer processor.
AI frenzy will return to its peak? Wedbush: Fed rate cuts inject a "shot in the arm" for technology stocks!
After the 50 basis point rate cut by the Fed, ai stocks rose significantly; Dan Ives of Wedbush believes that this move by the Fed is a bullish signal for the technology industry's growth in 2025.
Top 20 turnover | Tesla soared over 7%, with a high target of $310 from Morgan Stanley; Bitcoin rose above $0.062 million, and the holding stock MicroStrategy surged over 9%
On Thursday, Nvidia, ranked first in trading volume in the U.S. stock market, rose by 3.97%, with a trading volume of $34.744 billion. Tesla, ranked second, rose by 7.36%, with a trading volume of $24.69 billion. Apple, ranked third, rose by 3.71%, with a trading volume of $15.249 billion. MicroStrategy, ranked twelfth, rose by 9.04%, with a trading volume of $2.917 billion.
Industry giants are fully expanding their SoIC production capacity, and the advanced packaging industry chain continues to benefit from technological progress.
According to industry sources, due to strong demand from the four major customers, taiwan semiconductor is also fully expanding its SoIC production capacity. By the end of this year, the monthly production capacity will increase from about 2,000 wafers at the end of 2023 to 4,000-5,000 wafers, and there is a chance to exceed 8,000 wafers in 2025. Yongxing Securities believes that the importance of advanced packaging in the era of computing power is gradually emerging, and the related industrial chain is expected to continue to benefit.
US stocks close | Nasdaq rose 2.5%, Dow Jones, S&P hit record highs; chip stocks, Chinese concept stocks shine, Tesla rose more than 7%, Nvidia rose nearly 4%
The US unemployment benefits data strengthens expectations of an economic soft landing, with the Dow Jones breaking the 0.042 million point mark for the first time and the S&P closing above 5700 points for the first time. The Nasdaq rose 3% at one point, the chip index rose 5.7% at one point, the bank index rose nearly 3%, and the Chinese concept index rose over 4%.
Express News | On September 19th, the top 20 trading volume of US stocks: it is reported that taiwan semiconductor's 2nm process technology has started trial production in July.
Taiwan Semiconductor Options Spot-On: On September 19th, 120.3K Contracts Were Traded, With 1.66 Million Open Interest
On September 19th ET, $Taiwan Semiconductor(TSM.US)$ had active options trading, with a total trading volume of 120.3K options for the day, of which put options accounted for 41.91% of the total
Why Artificial Intelligence (AI) Stocks Broadcom, TSMC, and Arm Holdings Were Moving Higher Today
Shares of Semiconductor and Chip Stocks Are Trading Higher Following Wednesday's Rate Cut, Which Has Lifted Growth Stocks and Rate-sensitive Sectors Such as Tech.
Barclays: The demand for LLM calculations far exceeds expectations, and the wave of AI chip expenditure has not yet peaked.
Barclays said that ai chip spending must increase to meet the minimum expectations of model developers.
Express News | US stocks growth tech collectively surged, with Meta's stock price hitting a new historical high.
US stock market preview | All three major futures indexes rose, Nasdaq futures rose more than 2%; technology stocks and Chinese concept stocks rose collectively before the market, Alibaba rose more than 4%, Nvidia and Tesla rose more than 3%
Bitcoin surpassed $63,000 today, with pre-market gains in crypto-related stocks. MSTR and MARA rose over 5%; Tesla rose nearly 3% pre-market, with Robotaxi set to debut soon, and bullish views from Wall Street institutions.
Express News | Analyst Ming-Chi Kuo: The processor for iPhone 17 will adopt the Taiwan Semiconductor N3P process.
SK Hynix's stock rating has been downgraded continuously! Morgan Stanley warns of deteriorating memory chip market.
①Morgan Stanley has downgraded the stock rating of South Korean storage chip manufacturer SK Hynix from "shareholding" to "shareholding", and also lowered the target stock price; ②Affected by this news, the company's stock price plunged on Thursday (September 19) in the Seoul stock market, leading the decline among semiconductor peers; ③Morgan Stanley believes that the condition of storage chips is beginning to deteriorate, and SK Hynix's pricing power is weakening.
Jibang Consultancy: With the AI layout combined with supply chain inventory improvement, the output value of wafer foundry will increase by 20% annually by 2025.
According to the latest survey by TrendForce Cymbient Consulting, in 2024, due to the weak consumer terminal market and conservative stocking by component manufacturers, the average capacity utilization rate of semiconductor foundries is less than 80%, with only HPC (high-performance computing) products and flagship smartphones adopting advanced processes such as 5/4/3nm maintaining full capacity.
AI Likely Key Driver of Equity Market Returns -- Market Talk
China International Capital Corporation: AI+ code is a practical and commercially leading AI application scenario.
China International Capital Corporation believes that the improvement of AI application capabilities relies on both the enhancement of model capacity and the deep understanding of application scenarios and accurate grasp of customer needs.
Nvidia Considers $165M OctoAI Acquisition, Aims to Strengthen AI and Cloud Dominance