In the recent new wave of AI, NVIDIA is undoubtedly the brightest star stock, and CEO Huang Jenxun has also become a figure in the industry. A key reason why NVIDIA can lead the way is that its widely sought after chip products in the field of artificial intelligence, namely A100 chips and higher-generation H100 chips, these high-end chips and corresponding graphics cards are difficult to find.
On May 30, NVIDIA's intraday market value strongly exceeded the trillion mark, and on May 31, NVIDIA, which has continued to soar recently, ushered in an adjustment, closing down 5.68%, with the latest market value of $934.5 billion.
Among other technology giants in the US stocks, Intel rose nearly 5%, Dekang Medical and Caijie all rose more than 3%, Airbnb, AstraZeneca, Autodesk, Zoom all rose more than 2%, JD.com, Tesla rose more than 1%, Facebook, Netflix and other gainers, the Nasdaq 100 index fell 0.7%, the first adjustment after three consecutive rises.
In terms of popular ETFs, the Nasdaq 100 ETF (159660), which focuses on low fees, edged down 0.09%, pulling back slightly for two consecutive days, and the pullback range did not exceed 1%, the smallest decline among similar ETFs. In fact, according to statistics, the Nasdaq 100 ETF (159660) has fallen by more than 1% in only one day since its listing, and fell by 1.56% on May 24 this year, and the rest of the adjustment range has not exceeded 1%.
Source: Snowball, as of 14:08 p.m. on June 1, 2023
NVIDIA CEO Jensen Huang said that people are now at a turning point in a new computing era, and accelerated computing and artificial intelligence have been accepted by almost all computing platforms and cloud service vendors in the world.
Shenwan Hongyuan pointed out that in the quarterly report period of US stocks, 78% of S&P 500 companies exceeded expectations in the 2023Q1 earnings season, of which NVIDIA's performance greatly exceeded expectations. According to Factset, 97% of companies in the S&P 500 have already released their 2023 Q1 earnings reports. 78% of those companies reported higher-than-expected actual earnings per share, above the 5-year average of 77% and the 10-year average of 73%. Overall, the company reported corporate earnings that were 6.5 percent higher than expected and higher than the 10-year average of 6.4 percent. In terms of industries, the proportion of profits in the financial industry is lower than expected, and the proportion of information technology and industry exceeding expectations is higher!
Goldman Sachs pointed out that AI will drive the global economy by about $7 trillion over the next 10 years, and estimated that the total market size of AIGC software will reach $150 billion. Of all the tech stocks, Microsoft, Google, Amazon and Meta are the most likely to benefit, with these tech giants all in the top 10 weights of the Nasdaq 100.
Goldman Sachs calculates that the total net profit margin of large U.S. technology stocks averaged 20.2% in the past, while the profit margin of all S&P 500 companies was 10.9%, a difference of 9.3 percentage points. High margins mean stronger cash flow, helping the company invest further in long-term growth, while also returning cash to shareholders.
NASDAQ 100 ETF (159660) tracks the NASDAQ 100 index, under the wave of artificial intelligence, the world's AI field layout and accumulation of the most leading, deepest technology giants are still concentrated in NASDAQ, such as Microsoft, Google, NVIDIA, Meta, etc., these AI giants are all the top ten weighted stocks of the NASDAQ 100 index. The NASDAQ 100 ETF (159660) has a management fee of 0.5%/year and a custody fee of 0.15%/year, which is significantly lower than the mainstream fee structure in the market.
(Risk warning: The above index constituent stocks are only for display and do not represent any form of individual stock recommendation!) ）
[Starting from NASDAQ, better than NASDAQ!] 】
According to public information, the NASDAQ index contains 100 non-financial companies listed on the NASDAQ, and the NASDAQ market has successfully hatched a large number of technology giants since its birth, and is widely regarded as cultivating innovative,
One of the most successful investment markets for technology-based and growth companies. As the flagship index of the Nasdaq market, the Nasdaq 100 Index has significantly outperformed the Nasdaq Index in its long-term gains. Since 1991, the Nasdaq 100 has returned 13.96% annualized for more than 30 years, significantly higher than the Nasdaq's 11.48%. (Source: Wind, as of May 26, 2023)
Data source: Wind, statistical interval 1991.1.1-2023.5.26
Risk warning: The fund is risky and investment needs to be cautious. This material is for promotional purposes only and is not intended as any legal document. The past performance of the fund is not indicative of future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of the fund. The fund manager manages and uses the fund property in accordance with the principles of due diligence, good faith, prudence and diligence, but does not guarantee that the investment in the fund will be profitable, nor does it guarantee the minimum return. Investors should carefully read legal documents such as the Fund Contract, Prospectus and Product Information Summary to learn more about the product information. The NASDAQ 100 ETF is a medium risk rating (R3) product and is suitable for investors with a balanced (C3) or above result after customer risk rating assessment. The underlying index is not fully representative of the entire stock market. The average return of the constituent stocks of the underlying index may deviate from the average return of the overall stock market. Investors are requested to pay attention to the risks of indexed investment and the holding risks of concentrated investment in the constituent stocks of the NASDAQ 100 Index, please pay attention to the risks of large equity weight and high concentration of some index constituents, the risks of indexed investment, the operational risks of ETFs, the unique risks of investing in specific varieties, and the risks of participating in the lending business of securities under the Facility Connect.
The content and data are for reference only and do not constitute investment advice. AI technology strategy is provided for the cloud.