B[Bank of America reiterates ASML's "buy" rating and preferred stock status, with target price raised to US$2,915] On October 8, Bank of America Securities issued a research report stating that ASML's management disclosed in the second quarter results conference call that it will adopt a higher value pricing strategy. According to estimates, every 5% increase in product average selling price can drive earnings per share to increase by approximately 8%, while input costs will increase simultaneously by approximately 2.5%; if product selling prices increase by 5% while costs remain unchanged, the incremental contribution to earnings can reach approximately 10%. Based on conservative assumptions, the bank predicts that the average selling price of ASML products will increase by approximately 5% in 2028, while costs are expected to increase by approximately 2.5%. It raises its 2028 revenue and earnings per share forecasts by 8.7% and 13%, respectively, to 76.57 billion euros and 8.52 billion euros. Euro, related adjustments mainly reflect an increase in pricing of DUV, EUV and IBM products by approximately 5%, an increase in EUV shipments from 110 units to 120 units, and an increase in dry machine shipments from 190 units to 210 units, partially offset by an increase in input costs. The bank reiterated its "buy" rating and preferred stock status for ASML. The target price was raised from 2,452 euros to 2,557 euros, and the ADR target price was accordingly raised to $2,915. B[U.S. software stocks collectively rose, IBM rose more than 5%] October 1st, boosted by Accenture raising its full-year revenue growth forecast, U.S. software stocks collectively rose before the market opened. As of now, IBM is up 5.7%, ServiceNow is up 3%, Atlassian is up 3.2%, Salesforce is up 2.5%, Intuit is up 2.3%, and Adobe is up 2.1%. Accenture expects fiscal 2027 revenue to grow by 3% to 6% in local currencies, higher than market expectations of 3.9%. The company said demand for consulting business and AI-related services remained strong. A[Overview of U.S. stock market pre-market news: U.S. August PCE will be released tonight; the market waits with bated breath for Micron’s financial report; OpenAI postpones the release of GPT-6.1 Astra] On September 30, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. Futures on the three major U.S. stock indexes fell slightly. Dow Jones futures fell 0.03%, S&P 500 futures fell 0.00%, and Nasdaq 100 futures fell 0.17%.
2. International oil prices are rising collectively. WTI crude oil futures prices rose 1.43% to US$90.658/barrel; Brent crude oil futures prices rose 1.64% to US$97.737/barrel.
3. International gold and silver spot prices were mixed. Spot gold prices rose 0.17% to US$4,188.99 per ounce; spot silver prices fell by 1.32% to US$60.64 per ounce.
4. The three major European stock indexes fell across the board. Britain's FTSE 100 index fell 0.05%, France's CAC40 index fell 0.56%, and Germany's DAX30 index fell 0.36%.
5. The U.S. personal consumption expenditures (PCE) report for August will be released at 20:30 Beijing time tonight. The market currently estimates that (core) PCE will increase by 0.3% month-on-month, PCE will increase by 3.7% year-on-year, and core PCE will increase by 3.3% year-on-year.
6. It is reported that Apple plans to vigorously enter the smart home market on October 13, and will launch the Home Hub and updated versions of Apple TV and HomePod mini.
7. Micron Technology will disclose its latest financial report after the market closes on Wednesday. Based on options pricing on Monday, Micron Technology shares are expected to move as much as 7% before the end of the week. Micron's previous guidance for the fourth fiscal quarter was revenue of US$50 billion and Non-GAAP earnings per share of US$31.
8. The American BlueQubit research team used IBM's latest Nighthawk r2 quantum processor to complete a random quantum circuit sampling experiment, generating 1 million samples in just 19 seconds.
9. TSMC is evaluating potential investments in Texas to expand its chip production capacity in the United States. The potential investment would be in addition to the $265 billion TSMC has already committed to Arizona.
10. OpenAI decided to postpone the release of GPT-6.1 Astra originally scheduled for October, which once again highlights the competitive cost of artificial intelligence security.
11. SK Hynix has expanded the outsourcing scale of storage semiconductor flip-chip packaging and increased the number of cooperative outsourcers. The products outsourced this time are DDR4 and DDR5 DRAM.
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