Investors are looking at the latest reports from gold analysts for stock market trends, authoritative, professional, and timely, helping you to discover potential opportunities!
Related reading: Meta bets big on AI
Technology stocks surged, with the Nasdaq composite rising over 300 points, as Musk ignited AI trading, and Meta's quarterly report was released, with the stock rising over 3% after hours.
Google CEO warns of a shortage of computing power! Computing power rental is highly optimistic, and multiple stocks are expected to double their performance (list).
Meta's quarterly report brought a surprise: both revenue and guidance exceeded expectations. Muse's North American user base exceeded 10 million.
At Beijing time on October 22, following the release of SpaceX's quarterly report, funds have flowed back into the technology sector, with the three major US stock indices closing up. The Dow Jones rose 0.69%, the Nasdaq rose 1.05%, and the S&P 500 rose 0.58%.
Major technology companies have mostly risen, with SpaceX rising 7.79%, the company's first quarterly profit since its IPO. Tesla rose 3.41%, with discussions of a potential merger between SpaceX and Tesla driving up sentiment. NVIDIA rose 2.54%, with CEO Jensen Huang delivering a keynote speech at the GTC Berlin conference and unveiling the DSX POD AI factory. Apple rose 1.32%, while Meta rose 0.47% and Microsoft rose 0.20%. Amazon fell 0.10%, and Google fell 1.62%.
AI computing and server sectors led the charge, with Micron Technology rising 9.55%, the company announcing preliminary first-quarter revenue of $18.5 billion to $19.5 billion, significantly higher than the market's estimate of around $15.2 billion. Dell Technologies rose 5.27%, benefiting from the warming sentiment in the server sector.
The semiconductor sector saw a significant surge, with the Philadelphia Semiconductor Index rising 1.97%, with 29 of the component stocks rising and one falling, with only Foxconn falling 1%.
AMD rose 3.36%, ASML rose 2.81%, ARM rose 2.5%, Texas Instruments rose 2.47%, Taiwan Semiconductor Manufacturing Company rose 1.6%, Intel rose 1.39%, Qualcomm rose 1.28%, and Broadcom rose 1.03%.
Memory semiconductor stocks saw a significant rebound, with Western Digital rising 3.89%, Seagate Technology rising 3.22%, SK Hynix rising 2.48%, Micron Technology rising 1.96%, SanDisk rising 0.94%, and Roundhill Memory ETF (DRAM) rising 3.02%.
In the optical communication sector, Lumentum rose 3.43%, Coherent rose 2.47%, Corning rose 2.01%, and II-VI Incorporated rose 1.81%.
Crypto, network security, and optical communication sectors saw significant gains, with Zscaler rising 7.84%, Ciena rising 5.67%, Circle rising 4.47%, and Coinbase rising 3.65%.
Chinese stocks saw a general correction, with the Nasdaq China Gold Dragon Index falling 2.35%, with new energy vehicle makers, autonomous driving, e-commerce, and internet platform stocks seeing significant declines. Individual stocks saw significant declines, with WeRide falling, XPeng falling over 5%, NIO, Tencent Holdings ADR, and Baidu falling over 4%, and Ke Holdings, Alibaba Group, JD.com, Li Auto, Pinduoduo, and Ningbo Institute falling over 3%.
Notably, Meta's stock price rose over 6.5% after hours. On the surface, Meta's third-quarter revenue was $64.6 billion, up 26% year-over-year.
Tesla's stock price fell over 3% after hours, with Tesla's third-quarter revenue of $28.05 billion, down 0.2% year-over-year, and adjusted earnings per share of $0.48, below expectations of $0.44.
International oil prices rose and fell on October 21. As of the close, the price of December light crude oil futures on the New York Mercantile Exchange fell 67 cents, closing at $97.15 per barrel, down 0.68%. The price of December Brent crude oil futures on the London Interbank Offered Rate rose 3 cents, closing at $108.82 per barrel, up 0.03%.
As of 6:54, international oil prices have risen, with Brent crude oil rising over 1%, and WTI crude oil rising 0.93%, while gold and silver have seen short-term declines. Spot gold is priced at $4130 per ounce.
(Disclaimer: The article content is for reference only and does not constitute investment advice. Investors should exercise caution when making investment decisions.)
二为 | 21st Century Business Herald 21st Century Economic Report
Editor | Zhu Yigui Jiang Peixia