Trending Sectors | Tech, Chips, and EV Stocks Surge Amid Easing Tariff Tensions; Oil Stocks Show Resilience

【Major U.S. Stock Indices】

The U.S. stock market experienced a strong rebound, with all three major indices recording significant gains. The S&P 500 Index rose by 1.66% to 5,375.86 points, supported by the leadership of tech stocks. The Dow Jones Industrial Average increased by 1.07% to 39,606.57 points, driven by key stocks like Boeing and NVIDIA. The Nasdaq Index closed with a larger gain, up 2.50% to 16,708.05 points, indicating more positive sentiment towards tech stocks. Overall, the market reacted positively to President Trump's comments on not dismissing Federal Reserve Chairman Powell and easing his stance on Chinese tariffs, alleviating some market uncertainties.

【Performance of Leading Tech】

In the market, the seven tech giants—Microsoft, Apple, Amazon, Google, Meta, Tesla, and NVIDIA—generally performed strongly. Microsoft rose by 2.14% with active options market activity, trading 202,000 contracts, reflecting investor confidence in its future growth potential. Apple increased by 3.41%, with analysts optimistic about its second-quarter earnings despite EU fines and tariff concerns. Amazon climbed by 3.50%, with strong market confidence ahead of its earnings release. Google rose by 2.57%, facing remote work policy adjustments and antitrust pressure, but its cloud services and AI business garnered attention. Meta grew by 3.22%, with optimism about advertising potential on its new platform Threads, despite EU fines and shrinking ad revenue challenges. Tesla gained 4.60%, with Elon Musk announcing a step back from DOGE, and changes in tariff policy further supporting Tesla's stock price. NVIDIA increased by 2.04%, considered a preferred semiconductor leader in AI, reaching a market cap of $2.51 trillion.

【AI and Chip Sector Performance】

In the AI sector, NVIDIA rose by 2.04%, continuing to lead related concept stocks, with a market cap reaching $2.51 trillion. Analysts acknowledged the AI leadership of NVIDIA and Broadcom, boosting their stock prices. The chip sector also performed strongly, with SMCI up 3.63%, Arm Holdings up 3.84%, and Micron Technology up 5.20%. In the chip manufacturing sector, TSMC rose by 2.39%, collaborating with Synopsys to advance AI and 3D-IC chip design. Intel gained 3.56%, performing well despite layoff plans. In the chip equipment and materials sector, ASML rose by 2.24%, Applied Materials by 2.03%, and Lam Research by 1.75%.

【EV and Weight Loss Drug Sector Performance】

In the EV sector, Tesla rose by 4.60%, with domestic newcomers generally increasing, such as Li Auto up 2.46%, NIO up 4.17%, XPeng Motors up 4.78%, and Zeekr up 6.42%. Traditional automakers also performed well, with Toyota up 2.40%, General Motors up 1.73%, and Ford up 1.90%. Weight loss drug stocks mostly rose, with Eli Lilly up 0.07%, Novo Nordisk up 2.30%, AstraZeneca up 0.94%, Amgen down 0.18%, GlaxoSmithKline up 1.07%, Biogen down 0.61%, and Viking Therapeutics up 1.22%.

【Oil, Gold, and Cryptocurrency Sector Performance】

Oil stocks generally rose, with Exxon Mobil up 2.80%, Occidental Petroleum up 2.43%, and Chevron up 2.67%, benefiting from rising energy prices. Gold stocks generally declined, with Barrick Gold down 2.35%, Newmont down 1.21%, and Franco-Nevada down 0.28%, due to a pullback in gold prices. Cryptocurrency-related stocks surged, driven by a rise in Bitcoin prices, with Coinbase Global up 8.57%, MicroStrategy up 7.95%, and Riot Platforms up 13.20%.

【Meme Stocks and Other Sectors Performance】

Meme stocks broadly increased, with AMC Entertainment up 1.12% and GameStop up 3.85%. Retail stocks generally rose, with Walmart up 2.64% after submitting a note issuance application; Costco up 2.24%, Home Depot up 2.17%, and Target up 0.34%. Bank stocks broadly rose, with JPMorgan Chase up 2.88%, Bank of America up 3.79%, Wells Fargo up 3.47%, Morgan Stanley up 3.84%, Goldman Sachs up 3.72%, and Citigroup up 2.97%. Vaccine stocks broadly rose, with Pfizer up 2.22%, Moderna up 2.43%, BioNTech up 2.82%, and Novavax up 3.99%.

【Other Sector Performance】

Notably, tech stocks saw widespread gains, particularly in the semiconductor sector, benefiting from changes in tariff policy. The consumer sector showed a general uptrend, driven by easing tariff concerns. The financial sector strengthened due to comments on cooling trade relations with China, restoring investor confidence.

【Investor Advice】

Based on market dynamics, investors should focus on the potential of tech and chip sectors, especially leaders in AI and semiconductors. Additionally, changes in tariff policy may present further growth opportunities for EV and consumer stocks. While gold stocks showed weakness, other resource sectors like oil stocks demonstrated resilience. Pay attention to market responses to macroeconomic policy changes and adjust portfolios flexibly to capture market opportunities.