Nvidia(US:NVDA) 21世纪经济报道·2025-08-20 14:52Market Overview - US stock indices experienced a decline, with the Dow Jones down 0.23% and the S&P 500 down 0.84%, while the Nasdaq Composite fell 1.51% [1] - The Nasdaq China Golden Dragon Index also saw a decrease of 0.37% [1] Technology Sector Performance - Major US tech stocks faced significant losses, with the Wande American Technology Seven Giants Index dropping 2% [2] - Nvidia's stock fell by 3.5%, resulting in a market cap loss of over $155 billion, continuing its downward trend with a further decline of 3.54% [2][3] Cryptocurrency Market - Cryptocurrency stocks generally declined, with Circle down 4.2% and Coinbase down 3.2% [2] Commodity Prices - Spot gold increased by 0.8% to $3342 per ounce, while the 10-year US Treasury yield fell by over 1 basis point to around 4.3% [2] - Crude oil prices rose, with WTI up 1.15% to $62.45 per barrel and Brent crude up 1% to $66.5 per barrel [2][5] Economic Indicators - The US Consumer Price Index (CPI) for July showed a year-on-year increase of 2.7%, with the core CPI rising to 3.1%, above the Federal Reserve's 2% target [9] - Market sentiment remains mixed regarding the future of US stocks, with some analysts expressing optimism while others warn of potential downturns [9][10] Investment Sentiment - A recent survey indicated that 45% of fund managers consider "going long on the seven tech giants" as the most crowded trade [10] - Despite a strong earnings season, concerns about economic cooling and inflation pressures persist, leading to a cautious outlook from some analysts [11]