Trending Sectors | Tech Giants and AI Shine, Chip Makers Diverge, EV and Retail Stocks Show Mixed Fortunes

Market BriefFriday, May 23, 2025 5:31 pm ET
2min read
【Major U.S. Stock Indices】

On May 23, Eastern Time, the U.S. stock market closed with poor performance, as all three major indices recorded declines. The S&P 500 fell by 0.67%, the Dow Jones Industrial Average dropped by 0.61%, and the Nasdaq decreased by 1.00%. Overall, market sentiment was impacted by tariffs announced by Trump, with investors concerned about the potential negative effects of increased international trade tensions on the economy.

【Performance of Leading Tech】

Among the seven major tech giants, Microsoft and Amazon rose by 0.51% and 0.98%, respectively. Google A increased by 1.37%, while Tesla showed particularly strong performance, gaining 1.92%. Apple saw its stock price decline by 0.36% due to tariff threats. Meta slightly increased by 0.17%. Trump's threat to impose a 25% tariff on smartphone manufacturers like Apple and Samsung raised concerns about tech stocks, particularly the potential negative impact on Apple. Additionally, Amazon shareholders rejected the proposal to permanently separate the roles of CEO and Chairman, possibly paving the way for expansion in its AI sector.

【AI and Chip Sector】

In the AI sector, Nvidia's stock price increased by 0.78%, reaching a market value of $3.20 trillion, continuing to lead the sector. Oracle's plan to acquire Nvidia chips for $40 billion to build OpenAI's data center further boosted Nvidia's stock. In the chip manufacturing sector, TSMC rose by 2.31%, while Intel performed poorly, dropping by 0.68%. There was notable divergence in the chip equipment and materials sector, with individual stock performances varying. Overall, the chip industry is influenced by Trump's tariff policy, as concerns over future export restrictions may intensify.

【EV and Other Sectors】

In the electric vehicle sector, Tesla rose by 1.92%, with its market value returning to $1,092.99 billion. Domestic new energy vehicle companies generally declined, with XPeng Motors experiencing the largest drop at 7.87%. Oil stocks generally fell, impacted by fluctuations in international oil prices. In digital currency concept stocks, Coinbase Global showed impressive performance with a gain of 5.00%. Meme stocks surged, with AMC Entertainment and GameStop both recording gains of over 10%. The sectors of weight-loss drugs, gold, retail, banking, and vaccine stocks showed mixed performance, with some individual stocks performing well.

【Other Noteworthy Sectors】

In vaccine stocks, Moderna stood out with a gain of 3.57%. In the retail sector, Target and Dollar Tree performed well, rising by 2.20% and 1.18%, respectively. Among banking stocks, Goldman Sachs and Morgan Stanley increased by 0.80% and 0.77%, respectively. The movements of stocks in these sectors reflect market attention and changing investment sentiment across different industries.

【Market Summary and Investment Advice】

Overall, the market is constrained by concerns over international trade tensions. Investors should closely monitor the impact of Trump's tariff policies on tech stocks and other sectors. Additionally, merger dynamics in the chip industry and expansion opportunities in the AI sector may provide new investment directions. In the current market environment, investors are advised to remain cautious, pay attention to changes in international trade policies, and focus on sectors with strong risk resilience.

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