Against the backdrop of US economic data continuing to show signs of cooling and the geopolitical conflict in the Middle East last night, risk aversion heated up on the opening day of the Federal Reserve's FOMC interest rate meeting. The Nasdaq and S&P 500 indices declined after opening highs. Among them, the Nasdaq fell by more than 2% at one point, with the technology sector leading the decline. Despite this, the Dow Jones Index and small-cap stocks performed well, indicating mixed market sentiment. Although the US JOLTS job vacancy report for June was better than expected, voluntary separations and recruitment have declined sharply, while layoffs have declined. Goldman Sachs analysts believe that although the unemployment rate has risen, there is no need to worry too much.
The chip industry experienced a major blow. The chip stock index fell nearly 4%, Nvidia fell 7%, and Tesla fell about 4%. Cybersecurity company CrowdStrike plummeted nearly 10% due to claims from American Airlines, and Apple's main suppliers, such as Corning and Qualcomm, also fell by about 7%, respectively. China Securities fell 1.5% overall.
Microsoft's second-quarter earnings report showed that its revenue, EPS profit, and operating profit all increased 10% year over year, but the growth rate was slower than in the first quarter, and cloud revenue unexpectedly slowed, causing its stock price to plummet 8% after the market. In contrast, AMD's AI revenue doubled in the second quarter, raised its sales forecast for the whole year, and its stock price rose 9% after the market.
Arista's second-quarter results and future prospects both exceeded market expectations, and the stock price rebounded in a V-shape after the market. The conversation between Nvidia CEO Hwang In-hoon and Meta CEO Zuckerberg at the SIGGRAPH 2024 conference discussed...

Hi, mooers!
Kucingko Bhd is expected to officially start trading on July 26. According to the animation production house company, it has received 21,929 applications for 2.5 billion shares, far exceeding the 25 million shares available for public subscription.
How will the market react to the IPO results? Make your guess now!
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