US market outlook: AI emperor NVIDIA starts with a 6.40 point increase in the Nasdaq Composite Stock Price Index, the final barrier of the big tech earnings season

What is the price of the US bull market? Major US banks are raising their S&P 500 target stock prices one after another!
After a short adjustment period in April, US stocks made another breakthrough in May. The Dow placed in the 40,000 dollar range for the first time in history, the S&P 500 index rose to 5,300 points, and the NASDAQ recorded an increase of 7% or more this month.

NVIDIA, the final hurdle of Big Tech's good earnings season
● $NVIDIA(NVDA.US)$ The financial results and outlook are expected to end a strong financial season for major tech companies, and there is a possibility that the results will affect the direction of the market by the end of the year.
● Reflecting investors' enthusiasm for AI chip demand and NVIDIA's influence on the S&P 500 index, the company's stock price has surged 212% over the past year, and the total market value has increased by about 1.5 trillion dollars.
● Despite recent unstable movements and skepticism surrounding the sustainability of the AI boom, $Alphabet-C(GOOG.US)$ 、 $Amazon(AMZN.US)$ 、 $Microsoft(MSFT.US)$ The strong performance of major high-tech companies has strengthened investors' confidence, and NVIDIA's financial results are positioned as an important indicator for continued market optimism.
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Reduction in holdings of hedge funds and big tech
● According to reports from Goldman Sachs Group strategists, hedge funds distribute investment targets not only to big tech, but also to a wide range of companies that are expected to benefit from AI (artificial intelligence).
● Hedge funds in the first quarter $NVIDIA(NVDA.US)$ 、 $Alphabet-C(GOOG.US)$ 、 $Amazon(AMZN.US)$ 、 $Microsoft(MSFT.US)$ 、 $Meta Platforms(META.US)$ While positions held such as have declined, $Apple(AAPL.US)$ The number of positions held by has increased.
● Despite these changes, $Tesla(TSLA.US)$ Excluding Big Tech, continues to be one of the most popular long positions among hedge funds, and AI infrastructure-related stocks such as Marvell Technology Inc. and AES Corp. are also attracting attention.

Tesla is underperforming in Europe, and the overall market is expanding
● $Tesla(TSLA.US)$ The number of new car registrations in Europe in April was only 13,951, down 2.3% from the same month last year, and is at a low level since 2023/1.
● Meanwhile, in the European EV market as a whole, the number of new car registrations in April increased 14% from the same month last year, and the number of units shipped from Tesla's Shanghai plant also declined.
● Tesla is facing issues such as reduced subsidies and dissatisfaction with leasing companies that are major customers. Musk was expecting performance improvements in the second quarter, but the latest data shows that Tesla is still struggling in the European market.

As copper, gold, and silver prices approach all-time highs, what stocks should we pay attention to?
Following gold, silver, and copper, prices of various non-ferrous metals have risen. The gold exchange rate hit an all-time high on Monday, the silver exchange rate hit a high of 32 dollars per ounce for the first time in 11 years, and the copper exchange rate also hit an all-time high.