GuShiio.com ① Only the Nasdaq rose slightly among the three major indexes, while both the Dow and the S & P 500 fell;
② Hot Chinese stocks generally rose, with the Nasdaq China Golden Dragon Index rising 2.73%;
③ Intel rose more than 7%, setting a new high since December last year;
④ Large technology stocks were mixed, with Apple rising 1.83%.
Cailian News, February 13 (Editor Xia Junxiong)On Wednesday, the three major indices only rose slightly, while the Dow and the S & P 500 both fell. The latest CPI data once again triggered market concerns about inflation.
(Minute charts of the three major indexes, source: TradingView)
At the close, the Dow Jones index fell 0.50% to 44,368.56 points; the S & P 500 index fell 0.27% to 6,051.97 points; and the Nasdaq index rose 0.03% to 19,649.95 points.
Data released before the market on Wednesday showed that the U.S. CPI increased by 3% year-on-year in January, which was significantly higher than the three-and-a-half-year low of 2.4% in September last year and a month-on-month increase of 0.5%; core CPI excluding food and energy increased by 3.3% year-on-year, a month-on-month increase of 0.4%.
Andy Schneider, senior U.S. economic analyst at BNP Paribas, said when talking about the CPI report that these data tell the Fed that the current policy interest rate level is very good, and if anything, the interest rate may not be high enough.
“The higher-than-expected CPI data confirms investors ‘concerns about overheating inflation, which will keep the Fed on the sidelines (rather than cutting interest rates),” said Sameer Samana, global head of equities and real assets at Wells Fargo Investment Institute.
He added: “Although there is still room to rise in risk assets, the future market trend will be more volatile than in the past two years.”
Market sentiment was boosted to some extent by remarks by U.S. House Speaker Johnson, who said the White House is considering implementing reciprocal tariff exemptions on products such as drugs and automobiles.
Pharmacy chain CVS rose about 15%, setting its best one-day performance since 1999;Meta rose nearly 0.8%, recording 18 consecutive daily gains, and its share price continued to hit new highs; Alibaba rose nearly 5%, setting a new high since July 2022.
Intel rose more than 7%, setting a new close high since December last year; Tesla rose more than 2%, ending a five-game losing streak on the daily line.
Performance of hot stocks
Large technology stocks were mixed, with Apple up 1.83%, Microsoft down 0.58%, Nvidia down 1.25%, Google down 0.92%, Amazon down 1.65%, Meta up 0.78%, Tesla up 2.44%, and Intel up 7.20%.
Popular Chinese stocks generally rose. The Nasdaq China Golden Dragon Index rose 2.73%, Alibaba rose 4.92%, Jingdong fell 3.65%, Pinduo rose 1.15%, NIO Automobile rose 4.21%, Xiaopeng Automobile rose 3.29%, Ideal Automobile rose 4.91%, Beili Beili rose 6.36%, Baidu rose 4.36%, Netease rose 3.46%, Tencent Music rose 1.77%, and Iqiyi rose 10.48%.
company news
[OpenAI cancels the independent release of the o3 model and will launch GPT-5 that integrates multiple technologies in the future]
On Wednesday (February 12) local time, Altman, CEO of artificial intelligence (AI) research company OpenAI, announced that OpenAI will launch a model called GPT-5 in the next few months, which will integrate a large number of OpenAI technologies, including o3, and be used in the chat robot ChatGPT and the API platform. As a result, OpenAI no longer plans to release o3 as a stand-alone model.
According to Altman’s post, before the launch of GPT-5, OpenAI plans to release a GPT-4.5 model, codenamed “Orion”, in the next few weeks. Altman said this will be OpenAI’s last “non-chain model”. Unlike o3 and other OpenAI reasoning models, non-thought chain models tend to be less reliable in fields such as mathematics and physics.
[Insider: Apple will expand TV+ to Android phones in an effort to expand the number of users]
According to people familiar with the matter, Apple is set to announce the first expansion of its TV+ streaming video service to Android phones.
Apple will launch an Android app for TV+ as early as Wednesday, people familiar with the matter said. Apple TV+, launched in 2019, has been used on Apple’s own operating system and third-party TV platforms such as Roku.
The move marks a rare opportunity for Apple to provide services on rival Google’s Android system. Although Apple does provide music services through Android apps, it often tries to keep customers within Apple’s own product ecosystem. This suggests Apple is trying to increase the appeal of TV+ and challenge streaming services such as Netflix and Disney+.
Although the iPhone maker has launched some hits on its platform, industry estimates suggest its audience numbers lag far behind some large platforms. Apple has never disclosed TV+ user or revenue data.
[Intel surged more than 7.2% Baird said the company may have a joint venture with TSMC wafer factory]
Intel extended its gains on Wednesday, closing up 7.2%.
A Baird report said the U.S. government could participate in a plan involving Intel and TSMC. TSMC will send engineers to Intel’s 3-nanometer/2-nanometer fab to use the company’s expertise to ensure that the fab and Intel’s subsequent manufacturing projects become feasible. Intel may spin off the fab and make it a company jointly owned by Intel and TSMC, operated by TSMC, an entity that receives funding from the U.S. Chip Act.
Analyst Tristan Gerra wrote that although the news has not been confirmed and will take a long time to complete, the project has its legitimacy. Baird has a neutral rating on Intel stocks with a price target of $20.
[Nissan Motor and Honda Motor will end merger talks on Thursday]
Nissan Motor and Honda Motor will make decisions at their (respective) board meetings on February 13. The two sides decided to suspend merger negotiations and the two companies will hold separate press conferences.
[Google CEO: ‘Useful’ quantum computers will appear in 5-10 years]
Google CEO Pichai said at the World Government Summit in Dubai on February 12 that it will take five to 10 years for a “practical” quantum computer to be “practical”.”Quantum moments remind me of artificial intelligence in the 2010s, when we were developing the Google brain and made early progress,” Pichai said.
[Cisco’s fiscal second quarter revenue exceeded market expectations, the board of directors authorized an additional $15 billion share repurchase plan]
Cisco’s fiscal second quarter revenue was US$13.99 billion, with analysts expecting US$13.87 billion; second quarter product revenue was US$10.23 billion, with analysts expecting US$9.99 billion; second quarter service revenue was US$3.76 billion, with analysts expecting US$3.74 billion; remaining debt at the end of the second quarter was US$41.27 billion, an increase of 16% from the same period last year. The board authorized an additional $15 billion share repurchase plan. The adjusted EPS for the full year is expected to be US$3.68 -3.74, compared with the company’s original forecast of US$3.60 -3.66; full-year revenue is expected to be US$56 billion to US$56.5 billion, and the company’s original forecast of US$55.3 billion to US$56.3 billion; third-quarter revenue is expected to be US$13.9 billion to US$14.1 billion, and analysts expect US$13.88 billion.
