Zhong Guo Ji Jin Bao·2026-02-24 16:22Market Overview - The U.S. stock market experienced significant volatility, with major indices showing a rebound after a previous decline, highlighted by a rise of approximately 400 points in the Dow Jones, nearly 1% in the Nasdaq, and about 0.6% in the S&P 500 [1] Technology Sector Performance - The technology sector saw a collective surge, with AMD leading the market with a stock price increase of 7% following a partnership announcement with Meta to deploy up to 6 million kilowatts of AMD GPUs for AI data centers [2] - TSMC's stock price rose over 4%, marking its market capitalization surpassing $2 trillion for the first time [3] Individual Stock Movements - Notable stock performances included: - AMD: $211.23 (+7.44%) - Intel: $45.90 (+5.20%) - TSMC: $387.20 (+4.64%) - Salesforce: $186.43 (+4.64%) - Arm: $129.35 (+4.50%) - Qualcomm: $145.13 (+3.36%) - Oracle: $145.78 (+3.16%) - Apple: $273.74 (+2.83%) - Micron Technology: $428.97 (+1.90%) - Tesla: $405.50 (+1.42%) - Amazon: $208.16 (+1.41%) - Cisco: $78.54 (+1.02%) [4] Investor Sentiment and AI Impact - Traders are closely monitoring Nvidia's upcoming earnings report, which is expected to exceed market expectations, as concerns over substantial AI expenditures have led to capital withdrawal from large-cap stocks [5] - The recent market downturn was influenced by fears that AI could render entire industries obsolete, although a startup, Anthropic, is expanding its AI tool applications into new sectors [5] Federal Reserve Insights - Federal Reserve Governor Lisa Cook warned that AI could lead to increased unemployment rates, suggesting that traditional monetary policy may not effectively address the challenges posed by AI advancements [7]