Trending Sectors | AI & EVs Shine Amid Tech Declines; Chips, Oil Show Mixed Fortunes; Retail & Banks Struggle

【Major U.S. Stock Indices】

On the previous trading day, the major U.S. stock indices collectively closed lower. The S&P 500 fell by 0.95% to 6025.99 points; the Dow Jones Industrial Average declined by 0.99% to 44303.40 points; the Nasdaq performed the worst, dropping 1.36% to close at 19523.40 points. The market showed weakness under multiple factors, with investor sentiment weighed down by macroeconomic uncertainties and poor performance from certain companies.

【Performance of Leading Tech】

The seven major U.S. tech giants generally saw declines. Microsoft fell 1.46%, while Apple saw a larger drop of 2.40%, possibly related to the UK government's demand for data backdoors. Amazon declined by 4.05%, as its earnings guidance fell short of expectations, causing market concerns despite some analysts maintaining an optimistic view. Alphabet's Google A shares dropped 3.27%, Meta saw a slight increase of 0.36%, and Tesla fell 3.39%, mainly due to declining sales in China. Nvidia was one of the few to rise, gaining 0.90%, reflecting its continued strong position in the AI sector.

【Performance of AI and Chip Sectors】

The AI and chip sectors showed mixed performances. Nvidia’s continued growth in the AI field led to a 0.90% increase in its stock price. SMCI surged 7.21% due to increased production of AI servers. However, Arm Holdings and Micron Technology fell 2.96% and 2.37%, respectively. Chip manufacturers like TSMC and Intel also dropped by 2.07% and 1.44%. Chip equipment companies such as ASML and Applied Materials faced pressure, declining by 1.55% and 1.53%, respectively.

【Performance of EVs, Weight Loss Drugs, Oil, and Other Sectors】

In the electric vehicle sector, Tesla continued its decline with a 3.39% drop due to poor performance in the Chinese market. Meanwhile, Li Auto rose 4.86% and NIO increased by 0.83%, indicating relative stability among new domestic forces. In the weight loss drug segment, Viking Therapeutics rose by 3.50%, while Novo Nordisk and AstraZeneca fell by 0.88% and 0.51%, respectively. The oil sector showed mixed results, with Exxon Mobil rising 0.43% and Chevron up 0.48%, but Occidental Petroleum dropped 0.40%.

【Other Noteworthy Sectors】

Cryptocurrency-related stocks showed mixed results, with Coinbase Global up 1.52% and MARA Holdings slightly down 0.18%. Meme stocks like AMC Theatres rose 0.16%, while GameStop fell 0.36%. Gold stocks also showed mixed results, with Barrick Gold down 0.87% and LBMA Gold Price PM up 0.18%. Retail stocks generally fell, with Walmart and Home Depot down 1.64% and 1.62%, respectively, reflecting a lack of consumer confidence. Bank stocks also declined, with JPMorgan Chase and Bank of America down 0.40% and 0.68%. Vaccine stocks were under pressure, with Moderna plunging 3.01% and Pfizer down 0.31%.

【Summary and Investment Advice】

In the current market environment, investors need to be cautious about short-term market fluctuations, especially with increasing macroeconomic uncertainty. The earnings performance and related market news of tech giants will continue to have a significant impact on market trends. Long-term investments in growth potential sectors like AI and renewable energy remain worth attention. Additionally, keep an eye on macro policy changes affecting the oil and financial sectors to make more flexible investment decisions during market instability.