US stock market closed | The three major indices rose and fell differently, with most large technology stocks rising, nvidia rising more than 4% to hit a new historical high.
Banks index dropped nearly 2%, small cap stocks fell 1.6%, the decline of Chinese concept stocks narrowed, nvidia rose over 4% to catch up with apple, pdd holdings and Bilibili turned positive, xpeng rose over 3%.
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Watch Live: 'Join NVIDIA and @Siemens at the @7x24Exchange Conference on October 21 to Discover How #AI and Digital Twin Technologies Are Transforming #datacenters for a More Sustainable Future.'
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Texas Instruments Q3 Earnings: Will Higher Chip Demand Offset Decline in Analog Segment?
Apart from AI, all are losers! Asml holding exposes the "fierce" trend of differentiation in the chip industry.
Despite bullish signals released by AI, key markets such as personal computers and autos have yet to emerge from the winter, analysts predict that the differentiation in the chip industry will last at least until 2025. Traditional chip companies that fail to seize the AI wave will have more room for further stock price declines. Focus on the latest financial reports of Texas Instruments, Lam Research, and others this week.
Texas Instruments (TXN) Q3 Earnings Preview: What To Expect