The European and American stock markets closed higher, with the Dow up 0.67%, the Nasdaq up 1.64%, and the S&P up 1.05%; Chip stocks were among the top performers, with AMD up nearly 10%, NVIDIA up nearly 4%, and Qualcomm's stock price rising nearly 5% after market hours, with better than expected Q4 performance guidance; China concept stocks have seen mixed gains and losses, with Xiaopeng Automobile up over 7% and Weibo down over 2%.