Post-Bell | U.S. Stocks Mixed; Intel Plunges 17%; AMD and Nvidia Climb 2%; Microsoft Gains 3%; Silver ETFs and Stocks Soar

01 Stock Market

As of Jan 24, the U.S. major indexes closed as follows: the Dow Jones Industrial Average down 0.58% at 49,098.71; the S&P 500 up 0.03% at 6,915.61; and the Nasdaq Composite up 0.28% at 23,501.24.

Unusual-move stocks saw sharp divergence, led by semiconductors and precious metals proxies. Intel down 17.03% at $45.07; Microsoft up 3.28% at $465.95; Advanced Micro Devices up 2.35% at $259.68; Nvidia up 1.53% at $187.67; Apple down 0.12% at $248.04; Tesla down 0.07% at $449.06; Meta Platforms up 1.72% at $658.76; Broadcom down 1.67% at $320.05; Coinbase down 2.77% at $216.95; iShares Silver Trust (SLV) up 6.63% at $92.91; ProShares Ultra Silver (AGQ) up 13.81% at $319.85; Taiwan Semiconductor (TSM) up 2.29% at $334.87; Invesco QQQ up 0.32% at $622.72; BitGo Holdings (BTGO) down 21.58% at $14.50.

Momentum extended to select themes and ADRs. Canadian Solar (CSIQ) up 4.57% at $22.43; JinkoSolar (JKS) up 9.03% at $27.76; Tencent Music (TME) up 4.74% at $16.80; PDD Holdings (PDD) up 0.34% at $106.38; Alibaba (BABA) down 2.23% at $173.23. Energy exposure was mixed, with SPDR Energy (XLE) up 0.57% at $49.19, while Financials (XLF) down 1.38% at $53.07 showed softness.

02 Other Markets

U.S. 10-year Treasury yield fell by 0.28%, latest at 4.24.

USD/CNH fell 0.14%, at 6.96; USD/HKD fell 0.0013%, at 7.80.

U.S. Dollar Index fell 0.83%, at 97.47.

WTI crude futures rose 3.23%, at 61.28 USD/bbl; COMEX gold futures rose 1.42%, at 4,983.10 USD/oz.

03 Top News

1. Intel flagged surging memory-component costs, guiding cautiously and signaling margin pressure. The company highlighted wafer substrate constraints and higher DRAM/NAND pricing tied to AI hardware demand. Analysts noted potential spillover into PC and smartphone makers, with risk that rising input costs weigh on volumes and profitability.

2. Chinese regulators authorized Alibaba, Tencent, and ByteDance to prepare orders for Nvidia’s H200 AI chips, supporting domestic AI buildouts. The directive allows procurement planning while encouraging some purchase of domestic chips. The move is seen as a win for Nvidia, reinforcing demand visibility from major Chinese cloud providers.

3. Ericsson announced a share repurchase plan of about 15 billion SEK after beating quarterly earnings expectations. The capital-return program aims to run over multiple years alongside dividend enhancements. Management cited improving cash generation and regional stabilization, sending shares higher on the news.

4. Chevron said Kazakhstan’s Tengiz oilfield remains offline following a recent fire, compounding supply challenges. The outage at one of the world’s largest fields, alongside export bottlenecks, tightened crude supply expectations. Industry estimates suggest production could remain constrained, supporting higher benchmark prices.

5. ByteDance finalized a majority American‑owned TikTok U.S. joint venture structure, adding data safeguards with U.S. partners. The framework brings in global investors and cloud partners to address regulatory scrutiny. Market watchers view the setup as reducing ban risk and potentially expanding associated cloud workloads for participants.

6. Bank of Japan kept its short-term rate target unchanged, emphasizing data‑dependent normalization. The stance signals measured policy continuity as officials weigh inflation persistence and growth. Markets assessed implications for carry trades and dollar flows amid broader risk dynamics.

7. U.S. Bitcoin spot ETFs recorded net outflows as crypto volatility rose and risk appetite moderated. Managers reported redemptions across several products, reflecting cautious positioning. Flows remain sensitive to macro signals and liquidity conditions across digital assets.

8. U.S. Ethereum spot ETFs also saw net outflows, echoing broader caution in crypto-linked products. Withdrawals tracked higher realized volatility and shifting portfolio risk management. The trend underscores sensitivity to rates, regulatory developments, and cross‑asset correlations.

9. U.S. consumer spending data (PCE) matched expectations, reinforcing a steady macro backdrop. The reading supports a narrative of resilient demand while markets weigh inflation trends. Traders continue to monitor the policy path for gradual easing later this year if conditions warrant.

10. AMD extended its winning streak, reflecting confidence in server CPU demand and AI offerings. Industry checks point to tight supply and potential pricing power in Epyc server processors. Investors are watching rack‑scale solutions and accelerator roadmaps to gauge competitiveness against peers.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data

Disclaimer: This content is for reference only and does not constitute investment advice.