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Is there still a Santa Claus rally? Understand in one article why the US stock market suddenly dropped on Friday.
Large Technology stocks are leading the decline, with Tesla once dropping over 6%, and the sell-off in QITABANKUAI is also accelerating. Aside from technical factors like profit-taking, the 10-year US Treasury yield is hovering at a seven-month high, intensifying the downward pressure on the stock market. Goldman Sachs states that by the end of the year, USA pensions will sell $21 billion in US stocks, and CTAs will sell an additional $4 billion, resulting in significant selling pressure.
Weekend Reading | 2025 Computing Mainstream: ASIC VS GPU
Morgan Stanley stated that the rise of ASIC does not mean the decline of GPUs. On the contrary, these two technologies will coexist for a long time, providing optimal solutions for different demand scenarios.
Year-end review of the US stock market: The seven giants continue to surge, and investors prepare for Trump 2.0.
In 2024, the US stock market is driven by the AI boom, the Federal Reserve's interest rate cuts, and strong economic growth, with the three major indices reaching new highs: the S&P 500 Index up 25% for the year, the Nasdaq Composite Index up 31% for the year, and the Dow Jones up 14% for the year; following Trump's return, a series of policies are expected to create huge waves, and the Federal Reserve's comments indicating a slowdown in interest rate cuts have already disturbed the market.
Weekend Read | In the new era of AI, will NVIDIA be challenged?
Excluding Google, 98% of the Global AI workloads are running on NVIDIA chips; Google and Amazon's chips currently face their own issues and pose no challenge in the short term; the shortage of data is a false proposition, as data can be synthesized for continued training; there are no issues with AI capital expenditures next year, but there is uncertainty in 2026, which could be a turning point for the Industry.
Tech Titans Warm Up To Donald Trump, Who Says 'Everybody Wants To Be My Friend,' Claims Bill Gates Asked To Come To Mar-a-Lago
Discount chain Big Lots has reached an agreement that allows hundreds of stores to remain open and preserve jobs.
On Friday, the USA discount retail chain Big Lots, which filed for bankruptcy in September 2024, announced that it has agreed to a sale Trade with an investment firm, allowing hundreds of stores to continue operating and transferring its assets to Other Retailers and companies. The Ohio-based company recently announced that it was preparing to close its remaining 963 stores following the failed acquisition by private equity firm Nexus Capital Management. Big Lots' new Trade is with Gordon Brothers Retail.