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On Monday Eastern Time, the three major indexes of the US stock market experienced mixed gains and losses. As of the close, the Nasdaq rose 1.24%, reaching a new high; The S&P 500 index rose 0.38%, while the Dow Jones Industrial Average fell 0.25%, recording its eighth consecutive daily decline.
Most large tech stocks have risen. Tesla rose over 6%, Google rose over 3%, Intel and Amazon rose over 2%, Apple rose over 1%, and Netflix and Meta rose slightly; Nvidia fell more than 1% and fell into a correction zone during trading. Among them, Tesla, Google, and Amazon have all reached new highs. Supermicro Computer fell more than 8% at one point, and the company was delisted from the Nasdaq 100 index.
Most popular Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index dropping 2.19%. IQiyi fell by about 8%, Manbang, Tencent Music, BOSS Zhipin fell by more than 5%, Bilibili fell by more than 3%, Baidu, Pinduoduo, Beike and others fell by more than 2%; Ctrip and Xiaopeng Motors saw slight increases.
Global News
The US announced the imposition of 301 tariffs on tungsten products, polycrystalline silicon and other products imported from China. The Ministry of Commerce responded
Q: On December 11th, the Office of the United States Trade Representative (USTR) announced the imposition of 301 tariffs on tungsten products, polysilicon, and other products imported from China, which will take effect on January 1, 2025. What is the comment of the Ministry of Commerce on this? Answer: China's opposition to unilateral tariff measures has always been consistent, and has repeatedly made solemn representations to the United States.
Can Broadcom challenge AI giant Nvidia?
As of the close of last Friday, another trillion dollar chip company was born in the US stock market. On that day, Broadcom's stock price surged by more than 24%, and its market value broke through the $1 trillion mark for the first time, becoming the third semiconductor industry company in the world with a market value exceeding $1 trillion, after Nvidia and TSMC.
Significantly increase! Trump completely exploded! Bitcoin hits a new high and is about to surpass $110000?
On the morning of the 16th Beijing time, the price of Bitcoin broke through $106000, an increase of over 3%, and once again set a new historical high. Last week, US President elect Trump announced his plan to establish a US Bitcoin strategic reserve similar to the Strategic Petroleum Reserve. Trump said, "We will do some great things in the field of cryptocurrency
Wall Street experts shout: The Fed's "three consecutive declines" this week are no surprise, but the easing cycle has come to a halt!
As the last 'super central bank week' of 2024 approaches, investors are undoubtedly most concerned about the actions of the Federal Reserve. Apart from interest rate decisions, they are more concerned about next year's interest rate prospects.
Is there another reason to be optimistic about ASIC? The second half of the computing power war may usher in the era of AI reasoning, which may be approaching
Since the launch of ChatGPT more than two years ago, the main battlefield of AI is shifting from the training end to a larger and more competitive field: inference. Reasoning is regarded as the "second half" of AI big models. In the first half, competition focused on fast pre training responses, but now, the era of AI reasoning is gradually approaching, and more attention is being paid to slow deep reasoning.
Is Musk happy? Trump team considers canceling autonomous driving data declaration regulations
According to a document quoted by the media, Trump's transition team hopes that the next government will cancel the autonomous vehicle collision data declaration regulations - which may just solve the troubles of Tesla, Trump's recent "close friend" Elon Musk.
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