Special topic: Short term performance interference has a great impact. Expect medium and long term full line repair of A-share
Meta Platforms, No. 1 in US stock turnover, closed down 10.56% on Thursday, with a turnover of 35.597 billion US dollars. The company's second quarter revenue guidance was disappointing. CEO Zuckerberg said on the financial report conference call that the company is investing more money in the field of artificial intelligence, but "the investment in AI will take a long time to get a return". This remark caused the market to worry about the prospect of AI technology monetization.
Citigroup published a research report that although META's revenue and operating revenue in the first quarter were about 1% and 4% higher than the market's expectations respectively, earnings per share under the general accounting standards was $4.71, while the market forecast was $4.32, the median of revenue guidance in the second quarter was about 1% lower than the forecast, Meta increased the median of expected expenditure guidance in 2024 by about US $1 billion, and raised the annual capital expenditure plan.
Citigroup said that Meta's total revenue in the first quarter after deducting the impact of exchange increased by 27% year on year to $36.5 billion; The operating revenue was 13.8 billion US dollars. The bank pointed out that Meta's quarterly performance was better than expected, but the lower than expected revenue guidance for the next quarter, slightly higher operating expenses and capital expenditure forecasts may lead to lower stock prices. The bank gives the group a "buy" rating, with a target price of 590 dollars.
Nvidia closed 3.71% higher with a turnover of US $33.914 billion. Nvidia announced that it has reached a final agreement to acquire Run: ai. It is said that the transaction price is estimated to be about 700 million dollars. Data shows that Run: ai has about 150 employees and has raised a total of $118 million. In addition, Nvidia has also acquired Deci, a company with about 100 employees, which has raised a total of $55 million. The transaction between Nvidia and Deci was not disclosed publicly, and the transaction price was unknown.
It is reported that Nvidia recently reached a deal to acquire these two start-ups, aiming to reduce the cost of developing or running generative AI models, help customers more effectively use AI computing resources, and thus boost the demand for Nvidia AI chips.
3rd place Tesla It closed 4.97% higher, with a turnover of 20.61 billion US dollars. Tesla recently announced that its revenue in the first fiscal quarter reached $21.3 billion (about 154.3 billion yuan), and its quarterly non GAAP net profit was $1.5 billion (about 10.9 billion yuan). As the delivery volume in the first quarter was less than expected, Tesla CEO Mask revealed on the financial report conference that he would accelerate the launch of new models, which could be launched at the end of 2024 at the earliest.
Musk said: "There is indeed a lot of discussion about the new product roadmap. We have updated the future model lineup to speed up the launch of new models." He said that if new models cannot be launched later this year, they may be launched in early 2025.
Billionaire investor Ron Barron said Thursday that he is very optimistic about Tesla.
4th place Microsoft It closed 2.45% lower, with a turnover of USD15.016 billion. Microsoft's share price rose more than 4% after it announced its financial results after the close of Thursday.
Driven by enterprise customers' demand for AI and cloud products, Microsoft's quarterly sales and profit growth exceeded expectations. The company announced on Thursday that its revenue increased by 17% to $61.9 billion in the third quarter ended March 31, with earnings per share of $2.94. The average analyst estimates earnings per share of $2.83 and sales of $60.9 billion.
Satya Nadella, CEO of Microsoft, has been promoting the artificial intelligence technology of partner OpenAI into Microsoft's entire product line. This bet is bringing returns. Some customers add AI tools with document induction and other functions to their Office software or Azure cloud subscription services, or purchase more cloud services that can help them build and run their AI applications.
Dan Morgan, senior portfolio manager of Synovus Trust, said, "Microsoft's revenue related to generative AI has become a key stock price driver. In terms of AI, Microsoft really dominates."
5th place Apple It closed 0.51% higher with a turnover of US $8.437 billion. Swedish music streaming company Spotify said in an article on social media X platform on Wednesday that it has submitted a new version of the application to Apple, which contains basic pricing and website information, which is the minimum requirement for the European Commission to adjudicate its music streaming case. Spotify said that Apple rejected the update in a direct reply to the company.
6th place Google Class A shares closed 1.97% lower with a turnover of US $7.897 billion. Google announced its financial results after the close of the market on Thursday, and announced that it would buy back up to $70 billion of shares. Google's Class A shares rose more than 13% in after hours trading.
Google parent company Alphabet's revenue in the first fiscal quarter was 80.54 billion US dollars, and analysts expected it to be 79.04 billion US dollars; The revenue of Google Cloud in the first fiscal quarter was 9.57 billion dollars, and analysts expected it to be 9.37 billion dollars; The operating profit in the first fiscal quarter was 25.47 billion US dollars, and analysts expected it to be 22.4 billion US dollars; Google's advertising revenue in the first fiscal quarter was $61.66 billion, and analysts expected $60.18 billion; The revenue of other businesses in the first fiscal quarter was 495 million dollars, and analysts expected 372.4 million dollars; Earnings per share in the first fiscal quarter were $1.89, and analysts expected $1.53; In the first fiscal quarter, the revenue excluding flow acquisition cost was $67.59 billion, and analysts expected $66.07 billion; Declare a cash dividend of US $0.20 per share; Authorize additional repurchases of shares not exceeding $70 billion.
7th Amazon It closed 1.65% lower, with a turnover of US $7.849 billion. UBS On Thursday, Amazon raised its target price from $198 to $215, maintaining its "buy" rating.
9th AMD It closed 1.33% higher with a turnover of US $6.21 billion.
13th IBM It closed 8.25% lower, with a turnover of 2.799 billion dollars. The company's revenue did not meet market expectations.
17th industrial giant Caterpillar It closed 7.02% lower, with a turnover of 2.179 billion dollars. The company announced that its sales revenue in the first fiscal quarter was lower than expected.
The 19th place of the Mohist Barbecue closed 6.33% higher, with the share price exceeding $3100, a record high, and a turnover of $2.106 billion.
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