Market Overview - The three major U.S. stock indices opened higher but showed divergence, with the Dow Jones rising nearly 1% while the Nasdaq Composite dipped about 0.1% [1][2]. Sector Performance - The semiconductor sector was notably active, with AMD's stock price increasing by 10%. The company projected an overall revenue growth of approximately 35% annually over the next three to five years, with its AI chip business potentially growing at an annual rate of 80% [2]. - Other semiconductor companies such as NXP Semiconductors, Texas Instruments, and Skyworks Solutions also saw significant gains [2]. - Coffee-related stocks experienced movements, with Dutch Bros rising nearly 6% and Starbucks increasing by about 2% [2]. - On the footwear front, On Running (ONON.US) surged over 23% following better-than-expected Q3 earnings [2]. Chinese Stocks - Most popular Chinese stocks declined, with the Nasdaq Golden Dragon China Index dropping approximately 1.5%. Tencent Music fell about 10% after its Q3 earnings report, while other companies like Yipeng Energy, NIO, Baidu, and Alibaba also experienced declines [2][3]. Commodity Market - Oil prices accelerated their decline, with WTI crude oil dropping over 3% and Brent crude oil falling more than 2.8%. This shift was attributed to higher-than-expected U.S. oil production and increased supply from OPEC, leading to a revised outlook of oversupply in the global oil market for Q3 [5][6]. - Gold prices reached $4,150, marking an increase of approximately 0.7% for the day, while silver prices also saw gains [6]. Copper Market - LME copper prices increased by about 1%, with a cumulative rise of over 6% for October. Goldman Sachs highlighted copper's potential as the "new oil" in the AI era, emphasizing its critical role in data center power transmission [7].
热门中概股下挫，腾讯音乐跌约10%，百度、阿里跌超2%，油价跳水