Trending Sectors | AI Chips Surge, Oil Gains, and EVs Slide: Key Stock Sector Highlights and Opportunities

【Major U.S. Stock Indices】

On September 24, Eastern Time, all three major indices closed lower. The S&P 500 fell 0.28% to 6637.97 points; the Dow Jones Industrial Average dropped 0.37% to 46121.28 points; and the Nasdaq declined 0.34% to 22497.86 points. The overall market performance was relatively weak, with investor sentiment leaning towards caution, possibly due to recent U.S. economic data missing market expectations and concerns over Federal Reserve monetary policy.

【Performance of Leading Tech】

The major tech giants saw a general decline, with Amazon leading the drop at 3.04%. Microsoft, Apple, and Meta fell by 1.01%, 0.64%, and 1.28%, respectively. Both Microsoft and Amazon are currently facing antitrust investigation pressures, which may have affected investor confidence. Additionally, Tesla saw a 1.93% decline, possibly related to rumors of slowing sales in the Chinese market. Google A and Nvidia dropped by 0.34% and 2.82%, respectively, despite Google's increasing investments in AI not boosting its stock price.

【AI and Semiconductor Sectors】

The AI and semiconductor sectors showed clear divergence. Nvidia fell 2.82%, but its strong market capitalization still reflects investor confidence in its long-term AI potential. Chip companies like SMCI and Micron Technology rose by 0.26% and 1.09%, benefiting from ongoing demand for data centers and AI applications. In chip manufacturing, TSMC increased 3.70%, possibly due to its leading position in advanced process technology. Intel also performed well, rising 2.02%, perhaps due to positive market feedback on its latest chip products.

【Electric Vehicles and Traditional Auto Sectors】

The electric vehicle sector showed weakness, with Tesla declining 1.93%, reducing its market cap to $1.4723 trillion. Among domestic newcomers, NIO slightly rose by 0.29%, while Li Auto and XPeng fell by 1.65% and 0.80%, respectively. Traditional automakers had mixed results, with Ford rising 0.60%, possibly due to market recognition of its ongoing investments in electric vehicles.

【Weight Loss Drug Stocks】

Weight loss drug stocks mostly declined, led by Amgen’s 2.65% drop, although Viking Therapeutics bucked the trend with a 6.65% increase. The overall poor performance of the sector may be due to negative news regarding drug efficacy and market promotion.

【Oil and Gold Sectors】

Oil stocks strengthened overall, with ExxonMobil rising 1.72%, mainly benefiting from the upward trend in international oil prices. Gold stocks had mixed results, with gold bullion ETFs up 0.41%, reflecting ongoing risk aversion, while Barrick Gold fell 2.78%, indicating market concerns over the profitability of gold mining companies.

【Digital Currency and Meme Stocks】

Digital currency stocks plunged, with Coinbase Global dropping 3.58%. This is primarily due to expectations of tightened regulation in the cryptocurrency industry. Meme stocks showed mixed performance, with AMC Theatres down 1.33%, while GameStop increased slightly by 0.07%, reflecting investors' cautious attitude towards such high-risk stocks.

【Retail and Banking Sectors】

Retail stocks were mixed, with Target up 0.57%, while Walmart and Home Depot fell by 0.29% and 0.26%, respectively. Bank stocks also showed mixed performance, with JPMorgan Chase slightly up by 0.10%, while Bank of America and Wells Fargo fell by 0.42% and 0.93%, respectively. This performance may be related to market concerns about economic recovery prospects.

【Vaccine Stock Performance】

In the vaccine sector, Moderna fell 2.90%, while Pfizer rose slightly by 0.37%. Fluctuations in vaccine demand may be the main factors affecting these companies.

【Investor Advice】

Overall, the market performance reflects investor uncertainty about economic prospects and concerns about policy changes. In this context, investors are advised to remain cautious and focus on macroeconomic policy directions, especially the Federal Reserve's monetary policy. When selecting individual stocks, emphasis should be placed on companies with strong fundamentals and long-term growth potential.