2 1 Shi Ji Jing Ji Bao Dao·2025-11-12 23:24Market Performance - On November 12, US stock indices closed mixed, with the Dow Jones rising by 0.68% to 48,254.82 points, marking a new closing high [1] - The S&P 500 index increased by 0.06%, while the Nasdaq fell by 0.26% [1][2] Sector Performance - The technology sector showed mixed performance, with the semiconductor sector leading gains, as the Philadelphia Semiconductor Index rose by 1.47% [2] - AMD's stock surged by 9% after the company projected an overall revenue growth of approximately 35% annually over the next three to five years, with AI chip business growth potentially reaching 80% annually [2] Company-Specific Developments - Oracle, a major AI player with a market capitalization exceeding 4.7 trillion yuan, saw its stock decline by 3.88% following a downgrade of its debt rating to "underweight" by Barclays, which warned of a potential downgrade to BBB- [3] - The report indicated that Oracle might exhaust its cash reserves by November 2026 [3] Commodity Market - In the commodities market, US oil futures fell by 4.19%, and Brent crude oil futures dropped by 3.74% due to OPEC's downward revision of global oil demand forecasts [3] - Gold prices rose, with spot gold surpassing $4,200 per ounce for the first time since October 21, gaining over 2% in a single day [3] Cryptocurrency Market - The cryptocurrency market experienced a downturn, with Bitcoin falling by 1.04% and Solana dropping nearly 2% [4] - Over the past 24 hours, more than 147,000 traders faced liquidation, totaling approximately $562 million in losses [5] Economic Outlook - Analysts noted that weak US employment data has strengthened market expectations for a Federal Reserve interest rate cut, contributing to a more optimistic market sentiment [5] - AMD's CEO provided a positive outlook for the AI market, predicting that the global AI chip market could reach $1 trillion by 2030 [5] - JPMorgan's latest report indicated that the semiconductor cycle driven by AI is far from peaking, with its duration expected to extend until 2027 [5]