芯片股，集体大跌！

Market Overview - US and European stock markets experienced collective declines, with the Dow Jones Industrial Average down 0.51% to 48,458.05 points, the S&P 500 down 1.07% to 6,827.41 points, and the Nasdaq down 1.69% to 23,195.17 points [1] - The Philadelphia Semiconductor Index fell 5.1%, with significant drops in major chip stocks such as Broadcom down over 11% and Micron Technology down over 6% [3][4] - Chinese concept stocks mostly declined, with the Nasdaq Golden Dragon China Index down 0.3% [1] Semiconductor Sector - Broadcom reported Q4 sales of $18 billion, a 28% year-over-year increase, exceeding analyst expectations of $17.5 billion. However, concerns arose from comments made during the earnings call regarding profit margins and delayed revenue from contracts with OpenAI [3] - Oracle has postponed the completion of data centers for OpenAI from 2027 to 2028 due to labor and material shortages, despite maintaining an aggressive construction pace [5] Oil and Commodities - International oil prices fell by 4% this week, with WTI crude oil closing at $57.53 per barrel and Brent crude at $61.21 per barrel [6][9] - The gold futures price increased by 0.39% to $4,329.80 per ounce, while silver futures dropped by 3.88% to $62.09 per ounce [7] Federal Reserve Insights - Federal Reserve officials indicated a non-hawkish stance on interest rates for the upcoming year, with expectations of more rate cuts in 2026 [8] - Some officials expressed concerns about inflation remaining high, suggesting that monetary policy should continue to be moderately restrictive [9]