In the early morning of Beijing time, February 25th, the three major U.S. stock indices closed higher collectively, among which the Nasdaq Composite Index performed the most prominently with a gain of 1.04%. The strong rebound of AI-related sectors became the main driving force. Previously, market concerns about the growth bottleneck of the AI industry have been alleviated, and chip and software stocks rose hand in hand, driving a comprehensive recovery in market sentiment.

Specifically, AMD’s stock price soared nearly 9% due to reaching a large-scale GPU supply agreement with Meta, becoming the leader of the semiconductor sector. Against the background of the upcoming release of its financial report, Nvidia’s stock price rose continuously and hit a three-month high, and the market is full of expectations for the strong growth of its data center business. In the software service field, the stock prices of enterprises such as Thomson Reuters and Salesforce also rose sharply, benefiting from the continuous release of demand for enterprise digital transformation.

Chinese concept stocks also performed well, with the Nasdaq China Golden Dragon Index rising 1.37%, reversing the previous eight-day losing streak. Meanwhile, the Dow Jones Industrial Average rose 0.76%, and the S&P 500 Index rose 0.77%, showing a general upward trend in the market. In terms of commodities, crude oil and precious metal prices corrected simultaneously, with WTI crude oil closing down 0.42% and spot gold plummeting 1.65%. Funds flowed back from the commodity market to the stock market, further boosting the stock index upward.