Market Performance - On February 24, US stock indices collectively rose, with the Dow Jones Industrial Average, Nasdaq, and S&P 500 increasing by 0.76%, 1.04%, and 0.77% respectively [2] - Major technology stocks mostly saw gains, with the US Tech Giants Index rising by 1.08%. Notable increases included Tesla up 2.39%, Apple up 2.24%, and Amazon up 1.60%, while Google-C experienced a slight decline of 0.25% [2] - The Nasdaq Golden Dragon China Index rose by 1.37%, indicating a positive trend for popular Chinese stocks [3] Sector Performance - Semiconductor stocks generally increased, with Advanced Micro Devices (AMD) rising over 8%, Intel up over 5%, and TSMC up over 4%. Meta announced a multi-year partnership with AMD to deploy up to 6 gigawatts of AMD GPUs for its AI data center [3] - Bank stocks showed mixed results, with JPMorgan down 0.08%, while Goldman Sachs and Morgan Stanley rose over 1%. Citigroup and Bank of America fell over 1% [2] Commodity Market - In the commodities market, spot gold prices fell by 1.86% to $5,128.32 per ounce, while COMEX gold futures dropped by 1.25% to $5,160.50 per ounce. Spot silver prices decreased by 1.23% to $87.056 per ounce [4] - Crude oil prices also declined, with NYMEX light crude futures down by $0.68 to $65.63 per barrel, a drop of 1.03%, and Brent crude futures down by $0.72 to $70.77 per barrel, a decrease of 1.01% [4]

Group 1 - SanDisk's stock price fell over 5% and closed down 3.42%, with a market capitalization of $94.986 billion, following a report from short-seller Citron claiming the current boom in the storage chip market is a "supply illusion" [1] - The company specializes in NAND flash memory technology, offering a wide range of data storage devices and solutions, including solid-state drives, embedded products, storage cards, USB drives, and wafers, serving a diverse customer base from consumers to large enterprises and public clouds [2] - In Q2 of fiscal year 2026, SanDisk reported a profit of $803 million, a significant increase from $104 million in the same period last year, with quarterly revenue rising from $1.88 billion to $3.03 billion, and adjusted earnings per share reaching $6.20, far exceeding analysts' expectations of $3.62 [3] Group 2 - AMD's stock rose over 8% and closed up 6.6%, with a market capitalization of $341.7 billion, following a multi-year partnership announcement with Meta to deploy up to 6 gigawatts of AMD GPUs for AI data centers [4] - Meta plans to invest up to $135 billion in capital expenditures by 2026 to enhance its AI infrastructure, including the construction of 30 data centers, 26 of which will be located in the U.S., driven by substantial computing power demands [4] - Meta has a history of collaborating with both AMD and NVIDIA, and is also developing its own processors, indicating a strategic approach to diversify its computing supply chain [4]