On Thursday, Eastern Time, the three major US stock indexes closed lower collectively. The Dow Jones index fell by 0.55%. The Nasdaq index fell by 0.18%. The S&P 500 index fell by 0.19%. Tesla rose by more than 3%, refreshing a new high since April 2022. Bank of America raised Tesla’s target price from $350 to $400. Chip stocks generally fell. Intel and Microchip Technology fell by more than 5%. Micron Technology, NXP Semiconductors, and Arm Holdings fell by more than 2%.
AMD fell nearly 2%. Bitcoin experienced a high-level pullback. Cryptocurrency concept stocks declined. Bit Digital fell by more than 9%. MicroStrategy fell nearly 5%. Coinbase fell by more than 3%. The first step in stock trading is to open a stock account. The Nasdaq Golden Dragon China Index closed up 0.42%. Popular Chinese concept stocks were mixed. JD.com and Baidu rose by more than 1%. iQIYI fell by more than 2%. XPeng Motors and TAL Education fell by more than 1%. Global headlines: The number of initial jobless claims in the US last week was 224,000. Data released by the US Department of Labor on December 5 shows that the number of initial jobless claims in the US last week was 224,000. The estimate was 215,000. The previous value was 213,000.Heavy news for chips! New messages from two giants, TSMC and Nvidia. On December 5, it was reported that TSMC is in talks with Nvidia to produce Blackwell artificial intelligence chips at TSMC’s new factory in Arizona, USA. Nvidia launched the Blackwell series of chips in March this year. Customer demand for this chip is very high and it is currently in short supply. It is reported that TSMC is already preparing for the production of this chip at its new US factory early next year.
Trump’s new government cabinet is gradually taking shape! Are US business executives becoming more optimistic? On December 4 local time, US President-elect Trump announced the latest wave of cabinet nominees and nominations for other appointments. So far, Trump’s new “leadership team” after taking office is gradually taking shape. An average increase of 300 times in ten years! Bitcoin and Nvidia are in sync. On December 5, the price of Bitcoin exceeded $100,000 per coin for the first time. As of 17:00 on that day, Bitcoin was reported at $102,800 per coin, rising by more than 6% intraday and hitting a new historical high. Looking at a longer time span, at the beginning of 2015, the price of Bitcoin was only about $314 per coin. It has skyrocketed 325 times in ten years. Selling Tesla stocks! The world’s “most powerful retail investor” turns to invest in short-term US Treasury bonds. After Tesla surged 38% in November, Leo KoGuan, the “most powerful retail investor” of Tesla, recently publicly stated that he is selling Tesla stocks and investing funds in short-term US Treasury bonds.Elon Musk’s xAI supercomputing will expand tenfold! The artificial intelligence startup xAI led by Musk is developing at an astonishing speed. It has promised to expand the supercomputer Colossus built in Memphis tenfold to accommodate more than one million GPUs. The Greater Memphis Chamber of Commerce issued a statement on Wednesday saying that xAI’s expansion has begun.
China’s Ministry of Foreign Affairs has taken countermeasures against U.S. military enterprises and senior managers. The United States recently announced again the sale of weapons to Taiwan region of China, which seriously violates the one-China principle and the three Sino-US joint communiqués, seriously interferes in China’s internal affairs, and seriously damages China’s sovereignty and territorial integrity. In accordance with Articles 3, 4, 5, 6, 9, and 15 of the Anti-Foreign Sanctions Law of the People’s Republic of China, China has decided to take countermeasures against relevant U.S. military enterprises and senior managers. New Wonderful Idea Investment Research Assistant. Experience it now.