Tech stocks rally during the banking turmoil
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GPT-4 triggers new AI storm, Microsoft is up 11.11%^ in four days!
On March 16, $Microsoft(MSFT.US)$ put the upgraded ChatGPT - GPT-4 fully into Office and launched Microsoft 365 Copilot.
Microsoft 365 Copilot is a tool that combines a large language model and Microsoft Graph data, whether it is Word, PPT, Excel, Outlook, Teams, Microsoft Viva, or Power Platform, all of this office software, all will get GPT-4!
How powerful is GPT-4?
OpenAI revealed that GPT-4's performance on professional tests and academic benchmarks is close to the human level. In other words, with Copilot, people can easily play with AI tools and improve productivity in the future with the most common operating interface and natural language.
Since then, the competition for the project of ChatGPT among AI majors has intensified. $Alphabet-C(GOOG.US)$ has just announced the integration of AI tools into Workspace, $Microsoft(MSFT.US)$ has launched the office software king bomb - Microsoft 365 Copilot, and $Baidu(BIDU.US)$ has officially released the "Wenxin Yiyin" with AI creation capabilities.
Boosted by the news, U.S. tech stocks soared!
The $Nasdaq Composite Index(.IXIC.US)$ is up 2.48%^ on March 16 local time. $ProShares UltraPro QQQ ETF(TQQQ.US)$ is up 4 days in a row since March 13 and up 16.9%^ since March 13!
Star technology stocks performed, $Apple(AAPL.US)$ rose 1.87%^, $Tesla(TSLA.US)$ rose 2.04%^, $Futu Holdings Ltd(FUTU.US)$ rose 1.67%^, $Amazon(AMZN.US)$ rose 3.99%^, $Microsoft(MSFT.US)$ rose 4.05%^, $Meta Platforms(META.US)$ rose 3.63%^, $NVIDIA(NVDA.US)$ rose 5.42%^, $Alphabet-C(GOOG.US)$ rose 4.68%^.
Among them, Apple, Microsoft, Amazon, Google and others achieved four consecutive days of rises. $Microsoft(MSFT.US)$ four days up 11.1%^, $Amazon(AMZN.US)$ four days up 10.3%^, $Alphabet-C(GOOG.US)$ four days up 10.3%^.
^source: moomoo, wind. Data as of 16/03/2023.
In addition, bank stocks and Chinese stocks also moved higher last night. Market sentiment was boosted significantly yesterday as 11 investment banks on Wall Street, including JPMorgan Chase, Bank of America, Citi and Wells Fargo, jointly deposited $30 billion with First Republic Bank to stem the current turmoil in the financial sector triggered by the collapse of Silicon Valley Bank.
$Western Alliance Bancorp(WAL.US)$ rose 14.1%^ yesterday, while $第一共和银行(FRC.US)$ gained 9.98%^. Top Chinese stocks strengthened as the $NASDAQ Golden Dragon China Net Total Return Index(.HXCNTR.US)$ closed up 2.53%^. $Bilibili(BILI.US)$ rose 5.93%^, $Baidu(BIDU.US)$ rose 3.8% and $PDD Holdings(PDD.US)$ rose 3.63%^.
^source: moomoo, wind. Data as of 16/03/2023.
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$Apple(AAPL.US)$$Tesla(TSLA.US)$$Futu Holdings Ltd(FUTU.US)$$NVIDIA(NVDA.US)$$Amazon(AMZN.US)$$Western Alliance Bancorp(WAL.US)$$NASDAQ Golden Dragon China(.HXC.US)$$E-mini NASDAQ 100 Futures Main(JUN3)(NQmain.US)$$Meta Platforms(META.US)$$Alphabet-A(GOOGL.US)$$Microsoft(MSFT.US)$$Alibaba(BABA.US)$$PDD Holdings(PDD.US)$$NIO Inc. USD OV(NIO.SG)$$XPeng(XPEV.US)$$JD.com(JD.US)$$Coinbase(COIN.US)$$Occidental Petroleum(OXY.US)$$Arrow Minerals Ltd(AMD.AU)$$Roblox(RBLX.US)$$Netflix(NFLX.US)$$Taiwan Semiconductor(TSM.US)$$第一共和银行(FRC.US)$$Unity Software(U.US)$$Rivian Automotive(RIVN.US)$$American Airlines(AAL.US)$$Canoo(GOEV.US)$$Upstart(UPST.US)$$Lucid Group(LCID.US)$$Kiaro Holdings Corp(KO.CA)$$Boeing(BA.US)$$Disney(DIS.US)$$PayPal(PYPL.US)$$Plug Power(PLUG.US)$$Intel(INTC.US)$$Dalaroo Metals Ltd(DAL.AU)$$Carnival(CCL.US)$$ProShares UltraPro Short QQQ ETF(SQQQ.US)$$ProShares UltraPro QQQ ETF(TQQQ.US)$$Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US)$$ProShares UltraShort Bloomberg Natural Gas(KOLD.US)$$Direxion Daily Semiconductor Bear 3x Shares ETF(SOXS.US)$$Direxion Daily S&P Biotech Bull 3x Shares ETF(LABU.US)$$Invesco QQQ Trust(QQQ.US)$$ProShares UltraPro S&P500 ETF(UPRO.US)$$MicroSectors FANG+ Index 3X Leveraged ETN(FNGU.US)$$Vanguard S&P 500 ETF(VOO.US)$$Direxion Daily CSI China Internet Index Bull 2x Shares ETF(CWEB.US)$$SPDR S&P 500 ETF(SPY.US)$$United States Oil Fund LP(USO.US)$$GoldON Resources Ltd(GLD.CA)$$Tilt Renewables Ltd(TLT.AU)$$United States Natural Gas(UNG.US)$$Pacific Smiles Group Ltd(PSQ.AU)$$Energy Select Sector SPDR Fund(XLE.US)$$iShares Silver Trust(SLV.US)$$Short S&P 500 Proshares(SH.US)$$SPDR Dow Jones Industrial Average Trust(DIA.US)$$Vanguard Total Stock Market ETF(VTI.US)$$Financial Select Sector SPDR Fund(XLF.US)$$iShares Russell 2000 ETF(IWM.US)$$Proshares Ultra Dow30(DDM.US)$
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StocksInvestorMoo : baidu for long term
bananarama : sell. overhyped
seedthesky : tech is fomo right now. stay away.