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Reducing expectations of a shutdown, technology stocks and memory chip stocks lead the recovery
The U.S. stock market saw a broad recovery on Monday before trading, as technology stocks and memory chip stocks showed particularly strong performance, with shares of AI giants like Nvidia and AMD, as well as Micron Technology, rising over 3%. The rising expectations regarding the end of the longest government shutdown in history are the primary driver of risk sentiment and money flows, as investors generally believe that breaking the political deadlock will reduce overall uncertainty, heralding the return of delayed economic data for publication, which could enhance the likelihood of the Federal Reserve adopting an easing policy in December, providing liquidity support for high-growth technology sectors.
Specifically, memory chip stocks like SanDisk saw a jump of over 4%, reflecting strong confidence in sustained demand for AI servers, which led to higher chip prices. SanDisk, a leader in flash memory, raised its NAND flash contract prices by 50% in November.
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#CryptoIn401k #Binanceholdermmt #US-EUTradeAgreement #BTCHashratePeak
Reducing expectations of a shutdown, technology stocks and memory chip stocks lead the recovery
The U.S. stock market saw a broad recovery on Monday before trading, as technology stocks and memory chip stocks showed particularly strong performance, with shares of AI giants like Nvidia and AMD, as well as Micron Technology, rising over 3%. The rising expectations regarding the end of the longest government shutdown in history are the primary driver of risk sentiment and money flows, as investors generally believe that breaking the political deadlock will reduce overall uncertainty, heralding the return of delayed economic data for publication, which could enhance the likelihood of the Federal Reserve adopting an easing policy in December, providing liquidity support for high-growth technology sectors.
Specifically, memory chip stocks like SanDisk saw a jump of over 4%, reflecting strong confidence in sustained demand for AI servers, which led to higher chip prices. SanDisk, a leader in flash memory, raised its NAND flash contract prices by 50% in November.
$ETH
$ZEC
#CryptoIn401k #Binanceholdermmt #US-EUTradeAgreement #BTCHashratePeak