PannErgy sets FY2025 dividend at HUF 138 per share in two installments

Nvidia's stock price has declined for seven consecutive trading days, marking its longest losing streak since 2022. Year-to-date, its increase is only about 7%, placing it at the bottom of the Philadelphia Semiconductor Index. Its forward price-to-earnings ratio has dropped to around 18 times, the lowest in recent years, but after excluding unrealized gains, the normalized P/E is close to 60 times. In contrast, among 82 Wall Street analysts, only four give it a rating other than "Buy." Over the past three months, earnings forecasts have been raised by a total of 13%, and the average target price implies more than 50% upside potential.

Citadel Securities believes that, under the context of both fiscal and monetary easing with employment near full capacity, strongly suppressing long-term interest rates will create a vicious cycle. The truly effective way out lies in tightening fiscal policy and proactive interest rate hikes by the central bank, rather than repeated market intervention.