US stocks on Thursday: NVIDIA up over 5%, JD.com up nearly 6%

On June 2nd, it was reported that on Thursday, US stocks closed with major stock indices rising across the board, while large technology stocks rose again. The US House of Representatives has passed the debt ceiling bill, while the market is betting that the Federal Reserve will suspend interest rate hikes in June

On June 2nd, it was reported that on Thursday, US stocks closed with major stock indices rising across the board, while large technology stocks rose again. The US House of Representatives has passed the debt ceiling bill, while the market is betting that the Federal Reserve will suspend interest rate hikes in June.

The Dow Jones Index closed at 33061.57 points, up 153.30 points, or 0.47%; The Standard&Poor's 500 Index closed at 4221.02, up 0.99%; The Nasdaq Index closed at 13100.98, up 1.28%.

Large technology stocks generally rose, with Meta up nearly 3%, Naifei up 2%, and Apple, Amazon, and Microsoft up more than 1%.

Most of the leading chip stocks rose, with Nvidia rising more than 5% and Qualcomm rising more than 2%; Intel and Broadcom fell, with Broadcom falling more than 2%. Botong stated that demand related to artificial intelligence (AI) is driving up company sales, but it is not enough to offset the slowdown in demand in the broader chip market after the pandemic.

Most popular new energy vehicle stocks rose, with Tesla rising 1.76%, Rivian falling 1.02%, and Faraday falling 11.19% in the future; NIO rose 0.13%, Xiaopeng rose 1.78%, and Ideal rose 0.34%.

Among the leading e-commerce stocks in China, Alibaba rose 4.34%, JD.com rose 5.92%, and Pinduoduo rose 5.77%.

Among other popular Chinese concept stocks, New Oriental rose 9.58%, Manbang rose 7.23%, Baidu rose 6.46%, BOSS Direct Employment rose 5.34%, Zhihu rose 3.00%, iQiyi rose 2.96%, Ctrip rose 2.06%, and Bilibili rose 1.34%.

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:

Driven by the frenzy of AI, the stock prices of large technology companies rose after a brief respite, and then fully returned on Thursday. In addition to the obsession with AI related products that drove large technology stocks to rise sharply in May, the decline in U.S. bond yields and Dell Technology's better than expected performance also boosted the industry.

Matt Maley, chief market strategist at investment firm Miller Tabak, believes that no matter how optimistic investors are about the potential of artificial intelligence, they should be prepared to withstand the adjustments along the way.

He said: "After the recent parabolic rise, investors need to be very careful and very flexible. Sometimes, deep adjustments are lasting, as we saw after the Internet foam burst. Sometimes, they only lasted a few weeks, and then there will be a new, very strong rebound, pushing the stock market higher."

In addition to the theme of artificial intelligence, investors are also paying attention to the upcoming US monthly employment report on Friday. Analysts expect a slowdown in the pace of recruitment, which may lead to the Federal Reserve suspending tightening policies in June. (Liu Chun)