US stocks on Thursday: Leading chip stocks generally rose, NVIDIA rose more than 24, and TSMC rose 12%

On May 26th, it was reported that on Thursday, US time, the main stock indexes of the US stock market closed with mixed gains and losses, while the Dow fell. Chip manufacturer Nvidia's strong financial reports and performance forecasts drove the Nasdaq and Standard&Poor's Index significantly higher

On May 26th, it was reported that on Thursday, US time, the main stock indexes of the US stock market closed with mixed gains and losses, while the Dow fell. Chip manufacturer Nvidia's strong financial reports and performance forecasts drove the Nasdaq and Standard&Poor's Index significantly higher.

The Dow Jones Index closed at 32764.65 points, down 35.27 points, or 0.11%; The Standard&Poor's 500 Index closed at 4151.28, up 0.88%; The Nasdaq Index closed at 12698.09, up 213.93 points, or 1.71%.

Most large technology stocks rose, with Microsoft up more than 3%, Google up more than 2%, and Meta up more than 1%; Amazon and Netflix both fell by more than 1%.

Chip leading stocks generally rose, with Nvidia rising more than 24% and its stock price reaching a historic high, with a total market value approaching $1 trillion. Benefiting from the AI boom, the company's first quarter net profit and second quarter revenue outlook far exceeded expectations; TSMC's growth rate exceeded 12%, while AMD's growth rate exceeded 11%.

Most popular new energy vehicle stocks fell, with Tesla rising 0.86%, Rivian rising 1.32%, and Faraday falling 4.13% in the future; NIO fell 4.80%, Xiaopeng fell 7.40%, and Ideal fell 2.05%.

Among the leading e-commerce stocks in China, Alibaba fell 2.99%, JD.com fell 4.25%, and Pinduoduo fell 1.51%.

Among other popular Chinese concept stocks, BOSS Direct Employment fell 8.48%, Zhihu fell 5.66%, Bilibili fell 4.28%, New Oriental fell 3.74%, iQiyi fell 3.02%, Ctrip fell 2.53%, Manbang fell 1.42%, and Baidu fell 0.37%.

Specifically, the main technology stocks in the US stock market performed as follows:

The main chip stocks in the US stock market perform as follows:

The performance of popular Chinese concept stocks listed in the United States is as follows:

US President Biden made optimistic remarks on the debt ceiling negotiations. Biden stated that negotiators are "making progress" and he has had several productive conversations with House Speaker McCarthy. Earlier on Thursday, US House Speaker McCarthy also expressed optimism about the debt ceiling negotiations. He said that the negotiators worked until after midnight and made some progress.

According to FactSet data, the yield of US one month treasury bond bonds was close to 5.6% on Thursday, up from about 0.50% a year ago, which indicates that investors do not expect the current debt ceiling problem to be solved soon. In contrast, the yield of one-year US treasury bond is 5.2%, and the yield of 10-year US treasury bond is 3.77%. Usually, bonds with longer maturities have higher yields because it is difficult to predict the risk of default in the future.

Gilles Guibout, head of European equity strategy at AXA Investment Management, said, "Avida is a surprise. However, from a broader perspective, there is almost no reason for the market to continue rising: interest rates have not fallen, global economic growth has not rebounded, corporate earnings are expected to remain flat for the year, and stock valuations are already at a relatively high level

(Liu Chun)