The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.
South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.
Micron Technology Options Spot-On: On December 3rd, 175.4K Contracts Were Traded, With 1.66 Million Open Interest
On December 3rd ET, $Micron Technology(MU.US)$ had active options trading, with a total trading volume of 175.4K options for the day, of which put options accounted for 26.59% of the total
Breaking news! Four major industry associations collectively state: exercise caution when purchasing usa chips.
① The china semiconductors industry association, china automotive industry association, china internet plus-related association, and china communication enterprises association have all issued statements urging domestic companies to carefully select and procure usa chips. ② The new round of export restrictions from the usa involves over 140 chinese enterprises, affecting semiconductors manufacturing equipment, electronic design automation tools, etc., undermining the principles of fair competition in the global semiconductors industry.
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Industry associations collectively call on domestic companies to be cautious in purchasing usa chips. Institutions provide this analysis as overseas semiconductor giants have repeatedly increased their investment in the china market.
① China has become the most important application market for the global IC industry. Institutions analyze that the new round of export controls by the usa has fractured the global semiconductor market and may also limit the development of usa's own enterprises; ② In the past two years, several overseas semiconductor companies have chosen to increase their investment in the china market and value the growth opportunities of chinese customers.
Express News | China Communications Enterprise Association: To ensure the security and stability of the information communication industry chain and supply chain, caution should be exercised in purchasing American chips.
Express News | The China Semiconductor Industry Association: USA chip products are no longer safe and reliable; relevant industries in China will have to be cautious in procuring American chips.
Express News | The China Association of Automobile Manufacturers: To ensure the security and stability of the automotive industry chain and supply chain, it is recommended that Chinese auto companies be cautious in purchasing chips from the USA.
Express News | The china internet association calls on domestic enterprises to proactively take countermeasures and carefully choose to purchase usa semiconductors.
Kioxia's bumpy IPO with shareholders seeking to sell at a loss.
The Kai Xia IPO is a tricky task for the major shareholder Bain Capital.
Micron (MU.US) may surpass Nvidia (NVDA.US) by the end of the year Analyst: EPS could increase by a staggering 588% next year!
S&P Global Market Intelligence and MarketSurge indicate that memory chip manufacturer Micron Technology (MU.US) will see an 84.2% increase in revenue in the fourth quarter of this year, surpassing Nvidia's expected 72.1% quarterly revenue growth.
Amazon founder invests in Jim Keller, targeting nvidia.
Recently, Tenstorrent, led by industry renowned figure Jim Keller as CEO, announced the completion of a $0.693 billion Series D financing round led by Samsung Securities and AFW Partners. Following this round of financing, the valuation of this AI chip startup is approximately $2.6 billion.
Micron Technology Options Spot-On: On December 2nd, 113.72K Contracts Were Traded, With 1.73 Million Open Interest
On December 2nd ET, $Micron Technology(MU.US)$ had active options trading, with a total trading volume of 113.72K options for the day, of which put options accounted for 28.72% of the total
Top Analyst Reports for Toyota Motor, RTX & Micron
Unusual Options Activity: AES, HIMS and Others Attract Market Bets, AES V/OI Ratio Reaches 120.0
EST Dec 2nd Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Micron Technology (MU) Is Among the Best Affordable Tech Stocks to Invest in According to This Indicator
Express News | Youyan Silicone: actively conducting due diligence and investigation work related to mergers and acquisitions.
Express News | LAM Research Down 0.5%, Applied Materials Down 0.6%, Micron Technology Down 0.8%
Express News | Shares of U.S. Chip Companies Down Premarket After Latest U.S. Strike on China's Chips