Feng Huang Wang·2025-09-24 22:16Market Overview - The three major indices closed lower, with the Dow Jones down 0.37% at 46,121.28 points, the S&P 500 down 0.28% at 6,637.97 points, and the Nasdaq down 0.33% at 22,497.86 points [2] - Concerns over a potential "circular financing" model in the AI industry have intensified, leading to increased investor skepticism [2] - After a series of historical highs driven by AI investment, the market is experiencing a pullback, with some investors taking profits amid high valuations [2][3] Company News - Intel's stock surged over 6% as reports emerged that the company is seeking investment from Apple to help reverse its struggles [5] - Oracle initiated a $18 billion bond issuance, which is the second-largest in the investment-grade market since 2025, with subscription demand reaching nearly $88 billion [6] - OpenAI is reportedly considering leasing Nvidia chips to save 10%-15% on costs, which would alleviate financial pressures in their large-scale data center collaboration [7] - Amazon's autonomous driving subsidiary, Zoox, is seeking broader regulatory approval to deploy driverless cars without traditional controls, potentially allowing up to 2,500 vehicles on U.S. roads [8] Stock Performance - Major tech stocks mostly declined, with Nvidia down 0.82%, Oracle down 1.71%, and Apple down 0.83%, while Tesla rose 3.98% [4] - Chinese tech stocks saw a general increase, with Alibaba up 8.19% and JD.com up 5.74%, following Alibaba's commitment to increase investments in AI infrastructure [4]