MMTEC(US:MTC) Zheng Quan Shi Bao·2025-11-06 00:36Market Overview - The US stock market indices closed higher on November 5, with the Dow Jones rising by 225.76 points (0.48%) to 47,311.00 points, the Nasdaq increasing by 151.16 points (0.65%) to 23,499.80 points, and the S&P 500 gaining 24.74 points (0.37%) to 6,796.29 points [2]. AI Sector Performance - The AI sector showed signs of recovery, with AMD initially opening lower but eventually closing up by 2.51%. This rebound was attributed to better-than-expected Q3 earnings and revenue, despite initial concerns about profit margins [4]. - Other AI-related stocks such as Broadcom and Micron Technology also saw increases, with respective gains of 2% and 8.93% [4]. - However, Palantir continued its downward trend, falling approximately 8% on November 4, with significant short positions held by notable investors [5]. Chinese Concept Stocks - The Nasdaq Golden Dragon China Index rose by 0.15%, with notable gains in several Chinese concept stocks. For instance, Futu Holdings increased by over 4%, and Tiger Brokers rose by over 3% [6]. - Haichuan Securities experienced a significant surge, closing up over 620%. The company, founded in June 2015 and listed on Nasdaq in January 2019, focuses on investment banking and asset management, holding licenses in the US and Hong Kong [7].