All three major US stock indexes closed higher together, with Intel and Amazon leading technology stocks higher_Securities News_Finance_CICC Online

On Friday Eastern Time, the three major US stock indexes closed together higher. Intel rose nearly 8% after the company’s results beat expectations and its revenue guidance exceeded analysts’ expectations. E-commerce giant Amazon rose more than 6% as strong growth in its cloud and advertising businesses helped its revenue beat expectations. Super Micro Computer fell more than 10% and fell nearly 45% this week, marking its worst weekly performance in history. Ernst & Young, the company’s auditor, resigned during the investigation, and analysts said the possibility of AMD facing worst-case scenarios such as a ban or delisting was increasing.

Chinese concept stocks had mixed gains and losses. Alibaba fell by 0.43%.

world news

America’s “uncultivated wild” campaign is coming! Only 12,000 new jobs were created, well below expectations

The latest data showed non-farm payrolls in October were 12,000, compared to the consensus estimate of 113,000, and the unemployment rate remained at 4.1%, in line with expectations. It should be explained that these two data come from two different surveys. The employment figure comes from a sample survey of government agencies and enterprises, and the unemployment rate comes from a household survey of ” employees.”

The Fed may not get what it wants most, but PCE data won’t change the outcome of this month’s rate cut

The Federal Reserve may not have received the inflation data it wanted on Thursday, but many economists said a new reading on the Fed’s favorite price index may still be enough to trigger a “step-by-step” interest rate cut. ” will be promoted at next week’s policy meeting. 25 base points. Quincy Krosby, chief global strategist at LPL Financial, said she still expects the Fed to announce a small interest rate cut at its November 7 interest rate meeting.

“Strange phenomenon” in US tech stocks: Unexpected performance is no longer enough, investors still want more

Today, investors have such high expectations for large US technology companies that profits that exceed expectations alone are not enough to satisfy them. The earnings season of the US technology giants started this week, what is surprising is that, although the financial results are impressive, the reaction of the market has been terrible.

US ITC officially launches Section 337 investigation into TOPon solar cells, modules, panels, modules and downstream products

According to the China Trade Remedy Information Network, on October 31, the US International Trade Commission (ITC) voted to impose sanctions on certain TOPCon solar cells, modules, panels, components thereof, and products containing same) initiates study 337 (study code: 337-TA-1422).

The legendary investor sounded the alarm again: the “AI bubble” will finally burst, and US stocks are expected to collapse!

Legendary investor Jeremy Grantham, who has successfully predicted three market bubbles, warned again that the endless market hype for artificial intelligence (AI) is a classic bubble, following the path of bubbles another in history. He expects the US stock market to face a difficult path as the bubble gets bigger. He said in a new interview that once the artificial intelligence stock bubble bursts, the losses will be greater and greater, because artificial intelligence is no different from other technological faults that destroyed the US stock market.

Company news

Apple publishes financial report, iPhone business performance is stable, business in Greater China is under pressure

On November 1, Beijing time, Apple released its financial report for the fourth fiscal quarter of fiscal year 2024 (third quarter of 2024). net profit was US$14.736 billion, a year-on-year decrease of 35.81%. In the third quarter, Apple’s iPhone business performed steadily overall, with revenue of US$46.222 billion, a year-on-year increase of 5.52%. However, Apple’s business in Greater China is under pressure.

Amazon’s third quarter results beat expectations, serving customers with low-priced products

Amazon’s net sales in the third quarter of 2024 increased 11% to US$158.9 billion. In terms of net profit, Amazon’s net profit in the second quarter was US$17.4 billion, and net profit in the third quarter of 2023 was US$11.2 billion. Amazon’s core business AWS earned net sales of US$27.5 billion in the second quarter, higher than the expected US$26 billion, a year-on-year increase of 19%, and growth resumed. The 12% growth rate of AWS’s business in the third quarter of last year was the lowest growth rate of Amazon’s cloud computing business since 2014.

Intel suffered record losses of US$ 16.6 billion, but its self-rescue plan is recognized by the market first

After the US stock market closed on October 31, local time, Intel released its third quarter financial report US $ 13.3 billion, a decrease of 6% year on year and an increase of 4% compared to. second quarter of this year. In addition, the company announced the biggest single-quarter loss in its 56-year history, with a loss of US$16.6 billion in the same period last year.The net profit was US$300 million. minimum of 15%. changed so far, compared to 42.5% in the same period last year.

Has the “AI darling” fallen out of favor? Bernstein rarely downgrades Army, saying valuation is “too high”

On Thursday Eastern Time, Bernstein analyst Sara Russo issued the latest report, downgrading Army to “underperform”, which is roughly equivalent to a “sell” rating. Her latest price target for Arm is $100. Even after Thursday’s sharp drop, this price target is still about 30% below Arm’s closing price on Thursday ($141.3).

Listing suspense + market value falling below index level Super Micro Computer sounds the alarm for AI speculation in US stocks

This whole set of twists and turns is equivalent to the evaporation of more than 50 billion US dollars in market value in more than half a year after AMD entered the S&P 500 index! All investors around the world who buy S&P 500 index funds, including Chinese investors, have seen this round of falls in popular AI stocks. The most basic revelation is that the “AI hype” that is so popular in the secondary market may not be entirely justified.