1. Hello brothers and sisters, it's really not worry-free, the three major U.S. stock indexes rose and fell on Friday, but the Nasdaq index fell 2%, which has fallen for 6 consecutive years, and U.S. technology stocks collectively led the decline, Netflix fell more than 9%, Meta, Broadcom fell more than 4%, Amazon, Intel fell more than 2%, Microsoft, Apple, Google, Tesla fell more than 1%, and Tesla's stock price hit a new low since January 2023. Semiconductors, blockchain, and computer hardware sectors fell by more than 23%, with Supermicro Computer falling by more than 23%, Arm falling by more than 16%, AMD falling by more than 5%, Micron Technology falling by more than 4%, ASML and Coinbase falling by more than 3%, Qualcomm, Dell Technologies, and Kelei falling by more than 2%, among which Nvidia, the leader in AI semiconductors, fell by 10%!
2. Why have U.S. stocks continued to fall recently? There are several main reasons
(1) On Friday, Fed officials once again cheated hawkish, New York Fed President Williams said that if the data shows that the Fed needs to raise interest rates to achieve its goal, then the Fed will raise interest rates, in short, it does not want to cut interest rates for the time being, and even wants to raise interest rates, which is bearish for U.S. stocks
(2) The situation in the Middle East has escalated, geopolitical conflicts have continued, and funds have withdrawn from U.S. stocks to gold and crude oil as a safe-haven, and capital outflows have led to a sharp decline in U.S. stocks
(3) The US CPI data has exceeded market expectations for three consecutive months, the stickiness of US inflation should not be underestimated, the labor market data is strong, other economic indicators also indicate that the US economy is resilient, and the Fed's interest rate cut expectations have cooled.
Why did U.S. stocks, Nvidia and technology stocks fall sharply on Friday?
AI semiconductor leader Nvidia fell 10% on Friday, recording its biggest daily decline since March 2020, with its total market value evaporating more than $200 billion in one day, and its share price closed at $762 per share, the lowest level since February 22, and the first time since November last year that it closed below the 50-day moving average, with a total market capitalization of less than $2 trillion, while ultramicrocomputer, which has been working with Nvidia for a long time, plummeted 23.14% to close at the lowest level in more than two months.
As for why Nvidia fell sharply, it was mainly dragged down by the younger brother, and the supermicro computer, which has been cooperating with Nvidia for a long time, also plummeted 23.14% on Friday, closing at the lowest level in more than two months, mainly because of the news that the supermicro computer announced that it would announce its quarterly report on April 30, but did not provide preliminary results as before, which made the stock price plummet and "drag" Nvidia at the same time.
In addition, the growth expectation of the global chip market was lowered, "to a certain extent, it also drove Nvidia's stock price down, and on Thursday, TSMC lowered the growth forecast of the chip market, lowering the growth forecast of the global logic semiconductor industry from more than 10% to around 10% this year, making global semiconductor stocks fall one after another
3. What is the impact of the sharp fall of the US stock NASDAQ and the collective decline of US technology on A-shares next week?
On Friday, AI semiconductor leader Nvidia fell 10%, and U.S. technology took the lead in falling, and the Nasdaq index is a representative of technology stocks. Next week, the semiconductor artificial intelligence technology sector of A-shares will also open lower and fall.
4. But don't worry too much, although U.S. stocks fell on Friday, the FTSE China A50 Index rose 0.44%, and Hong Kong stocks Hang Seng Technology Futures rose 0.5%, which means that A-shares and Hong Kong stocks are likely to open high next week, but the technology sector will fall alone.
In a word, A-shares have been falling for 3 years, and now there is definitely not much space below, and the rest of the time is OK when the market slowly rises, come on!
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