Trending Sectors | AI, Semiconductors, EVs, and Oil Stocks Shine Amid Tech Slump

【Major U.S. Stock Indices】

On August 28th (Wednesday), the three major U.S. stock indices closed lower. The S&P 500 Index fell 0.60%, settling at 5592.18 points; the Dow Jones Index dropped 0.39%, closing at 41091.42 points; and the Nasdaq Index decreased 1.12%, ending at 17556.03 points. Market sentiment was weighed down by Nvidia's earnings guidance falling short of the highest expectations, leading to a broad decline in tech stocks.

【Performance of Leading Tech】

Among the seven major U.S. tech giants, Microsoft rose 0.61%, Apple increased 1.46%, Amazon went up 0.77%, Meta was up 0.28%, and Tesla gained 0.26%. However, Google A fell 0.66%, and Nvidia plummeted 6.38%. Notably, Nvidia's decline was primarily due to its earnings guidance not meeting the market's highest expectations. Meanwhile, Apple's stock performed strongly due to the upcoming AI iPhone launch and its partnership agreement with Bharti Airtel.

【AI and Semiconductor Sector】

In the AI and semiconductor sector, Nvidia fell 6.38%, marking its second consecutive day of decline, reducing its market value to $2.88 trillion. Despite this, related stocks such as SMIC rose 1.20%, Arm Holdings increased 5.27%, and Micron Technology went up 0.75%. Additionally, Nvidia's new round of financing negotiations with OpenAI keeps the market optimistic about the long-term prospects in the AI field.

【Electric Vehicles, Weight Loss Drugs, and Oil Stocks】

In the electric vehicle sector, Tesla rose 0.26%, with its market value rebounding to $658.99 billion. Domestic newcomers like Li Auto, NIO, and Xpeng Motors rose 10.62%, 6.49%, and 8.10%, respectively. In the weight loss drug sector, most stocks rose, with Novo Nordisk increasing 2.28%, while Eli Lilly slightly fell 0.85%. Oil stocks generally rose, with ExxonMobil increasing 1.38%, Occidental Petroleum up 0.76%, and Chevron rising 0.97%.

【Gold and Digital Currency Stocks】

Gold stocks showed a mixed performance. Barrick Gold rose 1.85%, Newmont increased 2.60%, while Franco-Nevada slightly fell 0.04%. In the digital currency sector, Coinbase Global decreased 1.01%, whereas Microstrategy and Riot Platforms rose 0.36% and 0.52%, respectively.

【Other Sector Performances】

Retail stocks showed a mixed performance, with Walmart rising 0.45%, while Home Depot and Target fell 1.51% and 2.19%, respectively. Bank stocks generally rose, with JPMorgan Chase increasing 0.42% and Bank of America up 0.55%. Vaccine stocks showed varied performances, with Pfizer down 0.10% and Novavax rising 2.43%.

【Investment Advice】

Overall, the U.S. stock market showed a somewhat sluggish performance, dragged down by tech stocks, although some sectors like oil and electric vehicles performed well. Investors should pay attention to changes in corporate earnings reports and macroeconomic data, while staying alert to market volatility. Particularly in the tech sector, discrepancies between earnings guidance and actual performance may cause short-term fluctuations, warranting careful investment evaluation.