Strong financial results lead to a rise in AI-related virtual currency stocks, and strong US employment statistics lead to continued growth in US stocks | 3rd Financial Tankan

9 months ago 83

2/2 (Sat) morning market trends (compared to the previous day)

traditional finance

NY Dow: 38,654 +0.35%
Nasdaq: 15,628 +1.7%
Nikkei average: 36,158 +0.4%
USD/JPY: 148.3 +1.3%
Meta: $474.9 +20.3%
Amazon: $171.8 +7.8%
NVIDIA: $661.6 +4.9%

Today’s NY Dow and Nasdaq continue to rise. U.S. stocks started in negative territory following the unexpectedly strong U.S. employment report released last night, but buying into large IT and high-tech stocks, including rising stock prices such as Meta, supported the market. became.

January’s U.S. employment report puts the Fed further behind the curve for an early interest rate cut, but as inflation continues to slow, it will promote improved corporate performance and long-term economic growth, which will further push up the stock market. There are also views that agree.

The number of non-farm employees increased by 353,000 from the previous month, significantly exceeding the median estimate of 185,000. Wages (average hourly wage) also increased by 0.6% from the previous month, exceeding the expected 0.3% increase and 0.4% increase from the previous month.

At the FOMC’s post-conference on Thursday, Chairman Powell ruled out the possibility of a rate cut in March, lowering market expectations.

connection: Chairman Powell denies possibility of March interest rate cut at FOMC; US stocks fall sharply, impacting virtual currency market

Today’s main market materials are as follows:.

Yesterday’s meta results: Plans for $50 billion worth of additional share buybacks and first quarterly dividend (50 cents a share), 2023 4Q sales up 25%.
Amazon’s financial results from the previous day: 4Q sales and operating profit exceeded market expectations. Cloud division AWS sales increased 13% year on year.
Apple’s financial results from the previous day: iPhone sales rose 6%, but sales in China fell 13%.
Following the employment statistics, the dollar rose against the yen, returning to the 148 yen level from the previous day’s 146 yen level.

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Important economic indicators/events from this week onwards

2/8 (Thu) 10:30 China January Consumer Price Index (CPI)
2/13 (Tue) 22:30 U.S. January Consumer Price Index (CPI)

Special feature for virtual currency beginners

Virtual currency related stocks

Coinbase｜$129.2 (+0.2%)
MicroStrategy | $500.1 (-0.6%)
Marathon Digital Holdings | $18.2 (-2.15%)

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Virtual currency market AI token rises prominently

Bitcoin: $43,139 +0.2%
Ethereum: $2,305.3 +0.1%
AGIX: $0.26 +2.3%
FET: $0.56 +4.8%
CryptoAI: $0.004 +15.8%

Many virtual currency AI stocks rose nearly 10% from the previous day yesterday following Meta’s results.

Meta CEO Zuckerberg spoke about the company’s AI strategy at a financial results briefing, saying, “We have made significant progress in our vision to develop AI and the Metaverse.” Meta, which is relatively ahead of the AI field, announced last month that it would secure more than 340,000 NVIDIA high-end GPUs “H100” by the end of 2024 for purposes such as generative AI development. We have already purchased 150,000 H100s in 2023.

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