[Morning Report] When will rice interest rates be cut? Wall Street bearish theorists, US stock outlook positive, NVIDIA, AI Factory

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When will the US interest rate be lowered? Signpost shown by senior Federal Reserve officials (NY express)
The Dow Jones Industrial Average fell in the New York Stock Exchange on the 20th and ended at 39,806 dollars, 0.5% lower than the previous weekend. It was the first transaction since the Dow average surpassed 40,000 dollars for the first time in history as a closing price the previous weekend, but there was no enthusiasm from the previous weekend. There is uncertainty in the market over the US Federal Reserve (Fed) interest rate cut transition period. There was a succession of cautious voices from senior Fed officials about an early shift in interest rate cuts, and interest rates for a wide range of years rose (bond prices fell) in the US bond market on the 20th.

Morgan S's Wilson withdraws bearish view - S&P 500 to update high
The US stock outlook by Mike Wilson of US Morgan Stanley, one of Wall Street's most famous bearish theorists, turned positive. Wilson expects the S&P 500 stock price index to rise 2% from its current level by 2025/6. It was a major shift from the 15% decline until December, which had previously been anticipated.

NVIDIA CEO, partnership with Dell is key to expanding AI business
Major US semiconductor company $NVIDIA(NVDA.US)$Who is Jenson Huang, Chief Executive Officer (CEO) of $Dell Technologies(DELL.US)$Regarding the partnership, it was stated that it would lead to the expansion of artificial intelligence (AI) customers and support the establishment of “AI factories” for companies and organizations.
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Microsoft instantaneously develops and translates computers that specialize in generative AI
paddy $Microsoft(MSFT.US)$It was announced on the 20th that it has developed a personal computer specialized in generative AI (artificial intelligence). Using high-performance semiconductors mounted on terminals, AI processing performance is increased by up to 20 times compared to the past, and in addition to instantaneous translation, image generation software runs at high speed. Some functions can be used even when communication is not connected. It seems that terminals will evolve drastically with the use of generative AI.

NY Stock Highlights Norwegian Revisits and Buys Carnival Cruise Ships
Funds went to semiconductor-related stocks with high growth expectations related to artificial intelligence (AI), such as NVIDIA, in the US stock market on the 20th. Furthermore, purchases were also made in a corner of cruise ship stocks, which had a sense of delay, and together with NVIDIA, they supported the market price. The US stock market has once again recovered to a high price range, and investors are keeping an eye on the selection of stocks with room for growth and a sense of affordability.

Rapid increase in Ether, intensification of spot investment ETF approval observations - Bitcoin is also expensive
Ether, the second-largest crypto asset (virtual currency), grew rapidly and became a significant increase for the first time in a year and a half, leading the rise in digital assets. Observations have intensified that the opposition of officials has receded regarding approval of at least one exchange-traded fund (ETF) that directly invests in ether.

Japanese stocks will continue to grow, and US high-tech stocks are strong and there is room for appreciation - resource-related stocks are also bought
The Tokyo stock exchange rate is expected to continue growing on the 21st. Since US high-tech stocks were strong in the US market at the beginning of the week, led by NVIDIA, which is preparing to announce financial results on the 22nd, it seems that the Tokyo market will maintain an upward trend centered on semiconductor-related stocks. Also, since commodity prices such as gold and copper are increasing, resource-related stocks are also expected to maintain strong performance.

10 major domestic companies have room to boost profits by about 1 trillion yen if yen depreciation continues - expectations are conservative
Minus 1 company only $Toyota Motor(7203.JP)$ 、 $Denso(6902.JP)$ 、 $Honda Motor(7267.JP)$ The benefits of automobiles, etc., are clear
While the historic depreciation level of the yen continues, many domestic companies with the highest market capitalization rankings have set an expected exchange rate in the direction of a drastic appreciation of yen, which is a prerequisite for earnings forecasts for the current fiscal year (fiscal year ending 2025/3), and if the current rate continues, there is room for a significant increase in profits for the current fiscal year due to exchange rate factors alone.

Otsuka Pharmaceutical confirms effects in clinical trials of hypercholesterolemia drugs
$OTSUKA HLDGS CO LTD(OTSKF.US)$Otsuka Pharmaceutical, which is under its umbrella, announced on the 20th that it has confirmed the efficacy of drugs to treat intractable hypercholesterolemia in final clinical trials (clinical trials). It has already been sold in the US and Europe, and Otsuka Pharmaceutical was continuing development for domestic sales. We aim to apply for approval of manufacturing and sales in the latter half of 2024.
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Today's stock price materials (newspapers, etc., 21st) Carlisle and Japan KFC are 6500 yen per share of TOB
▽ Carlisle, $KFC Holdings Japan(9873.JP)$ TOB was acquired for 6500 yen per share for a total amount of 130 billion yen　 $Mitsubishi(8058.JP)$ Separate frames from (each sheet)