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US Stocks: Tesla Jumps, AMD Skyrockets 40% Post-Close


US Stocks: Tesla Jumps, AMD Skyrockets 40% Post-Close

US stocks closed mixed on Monday, with Tesla driving Nasdaq gains, while the Dow fell for the third consecutive session. Investors focused on key earnings reports, including Nvidia, and the potential announcement of the next US Treasury Secretary.

Despite last week’s pullback following the US election, renowned Morgan Stanley strategist Michael Wilson turned optimistic, projecting the S&P 500 to hit 6,500 by late 2025, citing improving economic growth and further Fed rate cuts.

Meanwhile, Nomura Securities became the first global brokerage to predict that the Fed may pause its rate-cutting cycle in December, expecting only two additional 25-basis-point rate cuts in March and June 2025.

Tesla closed up nearly 6%, briefly gaining 8% intraday, lifting Nasdaq by as much as 1%. Reports suggest that President-elect Trump’s administration plans to prioritize a federal framework for fully autonomous vehicles under the Department of Transportation.

“AI stock” AMD (Advanced Micro Devices) soared nearly 40% in after-hours trading, rebounding from previous losses. AMD announced the appointment of BDO as its independent auditor and submitted plans to Nasdaq to comply with listing requirements.

Meanwhile, OpenAI CEO Sam Altman’s backed Oklo surged over 14%, leading nuclear energy stocks. Trump reportedly chose Chris Wright, an Oklo board member and CEO of Liberty Energy, as the Energy Secretary nominee.

US Stocks

Fundamental Analysis: 

  • Tech Sector: Tesla rose over 5%, while Intel and Netflix gained 2%+. Alphabet (Google) and Apple were up 1%+, with Meta and Microsoft seeing slight gains. Nvidia fell more than 1%, and Amazon edged lower.
  • Commodities & Energy: Gold and energy stocks rallied—US Gold jumped 10%, Harmony Gold rose 7%, and Pan American Silver, Coeur Mining, and Plug Power each gained over 6%.
  • Trump-Linked Stocks: Trump Media & Technology Group rose 16%, while Bakkt Holdings surged 162% following reports of a potential acquisition by Trump’s social media company.

The Nasdaq Golden Dragon China Index gained 1.71%, with most popular Chinese stocks closing higher.

Bilibili climbed over 4%, NIO nearly 4%, and Miniso and XPeng gained 2%+. iQIYI dropped 2%, and Lufax fell over 1%.

Technical Analysis: 

US Stocks: Tesla Jumps, AMD Skyrockets 40% Post-Close
(S&P 500 Index, 1-day chart) 

Market Trends: 

  • Dow Jones: -55.39 points (-0.13%) to 43,389.60
  • Nasdaq: +111.69 points (+0.60%) to 18,791.81
  • S&P 500: +23.00 points (+0.39%) to 5,893.62

Hong Kong Stock Market

Fundamental Analysis: 

Hong Kong indices rebounded after earlier declines, with tech and energy stocks showing strength:

  • Tech Stocks: Baidu and Kuaishou gained over 2%, while Xiaomi fell over 3% after earnings.
  • Gold Stocks: China Gold International surged 9% following bullish Goldman Sachs projections of record-high gold prices, forecasting $3,000/oz by late 2025.
  • Automotive & Travel: NIO rose more than 3%, and Trip.com gained over 5%.

Technical Analysis: 

US Stocks: Tesla Jumps, AMD Skyrockets 40% Post-Close
(Hang Seng Index, 1-day chart) 

Technical Analysis: 

  • Hang Seng Index: +0.33% to 19,640.74
  • Hang Seng Tech Index: +0.86% to 4,378.84
  • China Enterprises Index: +0.23% to 7,073.40

FTSE China A50 Index

Fundamental Analysis: 

Mainland China’s A-share indices posted mixed results by midday, with robotics, solar energy, and advanced packaging leading gains, while real estate and AI applications lagged.

  • Gainers: Robotics stocks rallied with companies like Keda Intelligence, Dongfang Precision, and Asdome hitting their daily limits. Solar energy stocks rebounded, with Broad Materials and Oujiang Technology closing at limit-up levels.
  • Losers: Real estate struggled—Seazen Holdings fell to its daily limit, and Rongsheng Development slid over 5%. AI-related stocks like 360 Security and Zhongke Jin accounted for notable declines.

Technical Analysis: 

US Stocks: Tesla Jumps, AMD Skyrockets 40% Post-Close
(SSE Composite Index, 1-day chart) 

Market Trends: 

  • Shanghai Composite Index: -0.39% to 3,311.01
  • Shenzhen Component Index: -0.01% to 10,543.01
  • ChiNext Index: +0.23% to 2,196.08

Risk Disclosure
Securities, Futures, CFDs and other financial products involve high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding your initial investment could incur within a short period of time.  
Please make sure you fully understand the risks of trading with the respective financial instrument before engaging in any transactions with us. You should seek independent professional advice if you do not understand the risks explained herein. 

Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. Doo Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it. 
The above strategies reflect only the analysts’ opinions and are for reference only. They should not be used or considered as the basis for any trading decisions or as an invitation to engage in any transaction. Doo Prime does not guarantee the accuracy or completeness of this report and assumes no responsibility for any losses resulting from the use of this report. Do not rely on this report to replace your independent judgment. The market is risky, and investments should be made with caution. 

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