[Click eStock] Daishin Securities "Early October Micron·Tesla-driven US Stock Market Tailwind"

Daishin Securities forecasted that the US stock market would continue its upward trend in early October, driven by record highs. They expected the Micron effect to extend and Tesla's Q3 vehicle delivery announcement to have a positive impact.

On the 27th, Daishin Securities released a report titled "The US Stock Market Tailwind Brought by Micron and Tesla." The US stock market has been hitting all-time highs following the Fed's big rate cut. Researchers Namjung Moon and Gunwoo Moon noted that while the unprecedented index levels might cause investors to focus more on negative news, this is a natural process and should not be interpreted negatively. The semiconductor sector pessimism and the federal government shutdown risk, which briefly weighed on the US stock market, were resolved through Micron's earnings announcement and the passage of a three-month temporary budget.

Micron's earnings showed strong AI demand and a significant increase in sales of HBM for data centers, which is expected to act as a momentum driver for AI semiconductor stocks such as Nvidia. Tesla's Q3 vehicle delivery estimates are expected to exceed the previous forecast of 452,000 units, reflecting increased demand from China and recent upward revisions in deliveries. This is anticipated to fuel the rise of electric vehicle stocks by highlighting expectations of overcoming the EV chasm and strengthening competitiveness within China. Additionally, with the start of the Fed's rate cut cycle, market interpretations linking corporate sentiment and employment indicators to a recession are not expected to recur.