U.S. Stock Market News | NVIDIA falls more than 5.4%, Morgan Stanley says this round of semiconductor cycle is about to peak
On Tuesday, most of the semiconductor sector declined. As of the time of publication, NVIDIA fell over 5.4%, AMD fell over 3.7%, Micron Tech dropped nearly 5%, Intel fell 4.8%. Shawn Kim, a stock analyst at Morgan Stanley, and his team released a report stating that the semiconductor industry has entered a late cycle and is about to peak. Super Micro Computer bucked the trend with a nearly 5% increase. Super Micro Computer CEO Charles Liang expressed confidence in the company's financial condition and internal team in a letter to customers. "When we announced the decision to delay the submission of the annual report, we stated that based on the work done so far, we do not expect any significant adjustments to the performance in the fourth quarter or fiscal year 2024."
According to the financial news app Zhitong Finance, on Tuesday, most of the semiconductor sector experienced a decline. As of the time of publication, NVIDIA (NVDA.US) fell by over 5.4%, AMD (AMD.US) fell by over 3.7%, Micron Tech (MU.US) fell by nearly 5%, Intel (INTC.US) fell by 4.8%. Shawn Kim, a stock analyst at Morgan Stanley, and his team released a report stating that the semiconductor industry has entered the late stage of the cycle and is about to peak.
Super Micro Computer (SMCI.US) bucked the trend and rose by nearly 5%. Super Micro Computer's CEO, Charles Liang, stated in a letter to customers, "I still have full confidence in the company's financial condition and internal team." "When we announced the decision to delay the submission of the annual report, we stated that based on the work done so far, we do not expect any significant adjustments to the performance of the fourth quarter or fiscal year 2024."