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[Morning Report] Hedge funds sell tech bitcoins surpass 53,000 dollars, completely turning away from buying before NVIDIA settlement 

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moomooニュース米国株 wrote a column · Feb 26 17:08
[Morning Report] Hedge funds sell tech bitcoins surpass 53,000 dollars, completely turning away from buying before NVIDIA settlement 
Good morning to all moomoo users!Here are the key points of this morning's first report.
● [Tokyo Stock Exchange Rate Forecast Range] 39,000 yen - 39,500 yen (26th closing price 39,233 yen 71 sen)
● NVIDIA completely reverses from buying before settlement, hedge funds sell tech
● Bitcoin is above 53,000 dollars, the highest level in the past 2 years or so
● US new home sales increased, supported by falling interest rates - the past 3 months were revised downward
● Microsoft partners with France's emerging Mistral AI - US Open AI competition
● Violations of safety standards have become normal in the Las Vegas underground tunnel promoted by Mr. Musk
● Zoom's sales and profits exceed market expectations, share buyback announcements - rapid rise in stock prices
● The successor to the Nintendo Switch will also go on sale in 2025/3
● Nippon Steel and the National Steel Workers Union sign a confidentiality agreement - US Steel acquisition
— MooMoo News Kathy  
Market Overview
In the US stock market on the 26th, the NY Dow Jones Industrial Average fell 62 dollars 30 cents lower than the previous business day to 39,069 dollars 23 cents for the first time in 4 days. The Nasdaq Composite Stock Price Index fell 20.572 points from the same period to 15,976.251. The Tokyo stock market on the 27th is expected to be in a position where the upper price is heavy even in the midst of strong and weak views, and it is expected that the Nikkei Stock Average will match even in the first half of the 39,000 yen range.
Top News
NVIDIA completely reverses from buying before financial results, hedge funds sell tech
US semiconductor manufacturer $NVIDIA(NVDA.US)$Hedge funds that poured money into high-tech stocks in the weeks leading up to the announcement of financial results have come here and are moving to be sold at the fastest pace in the past 7 months.
Bitcoin is above 53,000 dollars, the highest level in the past 2 years or so
$Bitcoin(BTC.CC)$It surpassed 53,000 dollars in the transaction on the 26th, and reached the highest level in the past 2 years or so. Demand through exchange-traded funds (ETFs) continues, and optimism is growing that the price of Bitcoin, which is the largest crypto asset (virtual currency), will be pushed to near a record high.
New home sales in the US increased, supported by falling interest rates - downward revisions for the past 3 months
The number of new US housing sales in January increased slightly from the previous month. The decline in mortgage interest rates was a tailwind.
Microsoft partners with France's emerging Mistral AI - US Open AI competition
metres $Microsoft(MSFT.US)$has formed a “strategic partnership” with the French artificial intelligence (AI) startup company Mistral AI. Microsoft, which has been exposed to the strict gaze of authorities around the world over its deep connection with open AI, has now partnered with a major competitor of open AI in Europe.
Violations of safety standards have become normal in the Las Vegas underground tunnel promoted by Mr. Musk
Businessman Elon Musk's tunnel excavation venture, Boring, has launched large-scale construction of an underground mass transit system that he calls a “hyperloop” in the past 10 years. The workers who were doing the excavation work recall having to scrape the mud every day, and the mud contained many chemicals known as accelerators.
Zoom's sales and profits exceed market expectations, share buybacks announced - rapid rise in stock prices
Of the US video conference service $Zoom Video Communications(ZM.US)$Sales and profit exceeded analysts' expectations in the 2023/11/24 (fourth quarter) financial results. It was suggested that corporate customers continue to use Zoom.
The successor to the Nintendo Switch will also go on sale in 2025/3
$Nintendo(7974.JP)$The successor to the game console “Nintendo Switch” will also go on sale in 2025/3. Similar to the Switch, it is expected to be a game console with both stationary and portable features. There were many voices in the industry predicting sales in '24, but priority was given to securing initial inventory of successors and product lineup of leading software at the beginning of sales with measures to prevent resale, etc.
Nippon Steel and the American Steel Workers Union sign a confidentiality agreement - over the acquisition of US Steel
Major US steel company $United States Steel(X.US)$The plan is to acquire it for about 14.1 billion dollars (about 2.12 trillion yen) $Nippon Steel(5401.JP)$and the American Steel Workers Union (USW) have signed a confidentiality agreement. USW has publicly maintained its opposition to the takeover, but it will be possible to proceed with discussions.
Forex
Key Market Events
[Morning Report] Hedge funds sell tech bitcoins surpass 53,000 dollars, completely turning away from buying before NVIDIA settlement 
Distributor: Dow Jones, MINKABU, Fisco, Bloomberg, WelsAdvisor, Nihon Keizai Shimbun
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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  • exera : Looks like the 800 wall is pretty thickundefined
    I wonder if that means there aren't any such good stories in the world just because things have gone too well until nowundefined

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