Weekly Market Recap: Where Did the Money Go?
Recently, there have been several major topics in the markets, including AI, Bitcoin, record AU markets, and Japan markets.
Here are some charts that can help you understand what's happening:
- NVIDIA Euphoria
$NVIDIA(NVDA.US$, a CPU manufacturer, has become the dominant leader in the AI industry, driving an AI euphoria. In 2023, NVIDIA's stock gained 239%, and it has gained over 50% this year to date. The company is constantly refreshing record highs.
According to Jen-Hsun, NVIDIA's CEO, “Generative AI has kicked off a whole new investment cycle to build the next trillion dollars of infrastructure of AI generation factories. We believe these two trends will drive a doubling of the world's data center infrastructure installed base in the next five years and will represent an annual market opportunity in the hundreds of billions.”.
If you're interested in exploring the opportunities of the AI industry, check out our premium courses:
- Bitcoin's Big Run
Bitcoin is scaling new heights, with a record high in sight. The rally is driven by simple economics: supply and demand. Inflows into Bitcoin ETFs have prompted industry watchers to warn of a supply squeeze.
While some experts warn of a sharp correction, others advise caution. For more information on the 10 spot Bitcoin ETFs, check out the insights of our AU market strategist.
- Record AU Markets
Any day when the $S&P/ASX 200(.XJO.AU$ makes a new all-time high is a good day. The index steadily gained throughout the session and closed at a new record high. This might suggest that investors are unafraid of higher prices.
If you want to judge whether the momentum could continue and how to find the best entry or exit point, check out our premium courses on Trading Tutorial - Technical Insights.
- Japan's Century Big Rebound
The Japanese stock market has experienced a prolonged cycle of decline and recovery. After a downturn that lasted two decades, it took an additional 15 years to recuperate.
In February 2024, Japan's financial markets reached a milestone with the $Nikkei 225(.N225.JP$ approaching the 40,000-point mark, a level not seen in 34 years. If you're interested in the market, the first thing to know is the broader market and how it works. Check out our premium course on it.
This resurgence has captured the attention of investors worldwide, who are now keenly exploring opportunities within the Japanese market. For overseas investors wanting to access the Nikkei 225, there are ETFs available on international markets.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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