Frankfurt Stock Exchange: US Tech Stocks Dominate, Nvidia, Microsoft, and Amazon Shine

Strategic Insights -

Frankfurt, Germany-based Frankfurt Stock Exchange is witnessing a surge in foreign stock trading, with US tech stocks at the forefront. Top performers in July include Nvidia, Microsoft, Amazon, Apple, Alphabet (GOOGL), and Tesla. Nvidia has reached a new all-time high of EUR160.58 in Germany. Meanwhile, other notable companies include Danish weight loss injection manufacturer Novo-Nordisk, Chinese carmaker BYD, Korean semiconductor manufacturer SK Hynix, US software provider Palantir, and crypto trading platform Coinbase.

Key Takeaways:

  • Nvidia (US67066G1040) reached a new all-time high of EUR160.58 in Germany, with the stock being part of the top 20 performers on the Frankfurt Stock Exchange.
  • Five other members of the Magnificent Seven, namely Microsoft, Amazon, Apple, Alphabet (US02079K3059), and Tesla, also made the top 20 list.
  • Alphabet's Nasdaq price is approaching its all-time high from February, but it is still a long way from its record high of just under 199 euros.
  • Alphabet's advertising revenue increased by 12 percent, and the cloud business grew by 32 percent, according to the latest quarterly figures.
  • Palantir (US69608A1088) has seen a tenfold increase in its share price over the past 18 months, due to high demand for information and analysis, especially in uncertain times.
  • Palantir's average revenue growth over the last five years is 50 percent, making it one of the biggest beneficiaries of the current demand.
  • Mitsubishi Heavy Industries (JP3900000005) has grown by almost 80 percent over the course of the year due to the trade agreement with Japan.
  • Novo-Nordisk, despite a drop in share price, offers a P/E ratio of 13 and a dividend yield of 3.6 percent, making it a clear buy for investors.

Statistics:

  • Nvidia (US67066G1040) reached EUR160.58 in Germany, its new all-time high.
  • Alphabet's Nasdaq price is approaching its all-time high from February, with a current price of EUR172.
  • Palantir's share price has increased by tenfold over the past 18 months, reaching EUR158.
  • Mitsubishi Heavy Industries (JP3900000005) saw a growth of almost 80 percent in 2024.
  • Novo-Nordisk's P/E ratio is 13, and its dividend yield is 3.6 percent.
  • Alphabet's advertising revenue increased by 12 percent in the latest quarterly figures.
  • Alphabet's cloud business grew by 32 percent in the latest quarterly figures.

Sources:

  • aktienfinder.net (Torsten Tiedt)
  • Steubing AG (Marc Richter)