AMD(US:AMD) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-12 23:33Market Performance - On November 12, the U.S. stock indices closed mixed, with the Dow Jones rising by 0.68% to 48,254.82 points, marking a new closing high [1][2] - 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; 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] - Oracle's stock dropped by 3.88% following a downgrade of its debt rating to "underweight" by Barclays, which warned of a potential downgrade to BBB-, just one step above "junk" status [2] Chinese Stocks - The Nasdaq China Golden Dragon Index fell by 1.42%, with notable declines in several Chinese stocks, including Daqo New Energy down nearly 10% and Tencent Music down over 8% [3] Commodity Market - Crude oil prices fell, with the WTI crude oil contract down by 4.19% and Brent crude down by 3.74%, influenced by OPEC's downward revision of global oil demand forecasts [3] - Gold prices rose, with spot gold reaching $4,200 per ounce, marking a 2% increase [3] Cryptocurrency Market - The cryptocurrency market saw a decline, with Bitcoin down by 1.04% and Solana down nearly 2%, leading to over 147,000 liquidations in the past 24 hours, totaling $562 million [4] Economic Outlook - Analysts noted that weak U.S. employment data has strengthened market expectations for a Federal Reserve rate cut, contributing to a more optimistic market sentiment [4] - AMD's CEO provided a positive outlook for the AI market, predicting the global AI chip market could reach $1 trillion by 2030 [4] - JPMorgan's report indicated that the semiconductor cycle driven by AI is far from peaking, with its duration expected to extend until 2027 [4]