The three major US stock indexes collectively rose, with NVIDIA up more than 4% and GameStop up more than 70%
Most tech giants' stocks rose, with NVIDIA up over 4%, AMD, Tesla, Meta up over 1%, Amazon, Google's parent company Alphabet, and Apple's stock prices slightly up, while Microsoft and Netflix fell. Most popular Chinese concept stocks rose, with Li Auto, Bilibili up nearly 4%. Faraday Future surged over 15%
Last Friday, the US PCE growth rate slowed down, reigniting market expectations for a Fed rate cut. On Monday, the three major US stock indexes opened higher, with most tech giants' stocks rising.
In the early trading session, the Nasdaq rose by 0.76%, the S&P 500 rose by 0.36%, and the Dow Jones rose by 0.09%.
Most tech giant stocks rose. NVIDIA surged over 4%, with Huang Renxun stating that they will launch the Blackwell Ultra chip next year and the next generation AI platform Rubin in 2026.
AMD, Tesla, Meta rose by over 1%, while Amazon, Google's parent company Alphabet, and Apple saw slight increases. Microsoft and Netflix declined.
GameStop surged by over 75% at one point, marking the largest increase since May 14th. Retail investors in the US led by "Roaring Kitty" posted on Reddit again after three years, sharing a GME trade confirmation screenshot.
Most popular Chinese concept stocks rose, with Li Auto and Bilibili up nearly 4%. Faraday Future surged by over 15%.
