S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Top 20 trading volume stocks in the US on August 8th: Google AI acquires two major smartphone manufacturers.
On Thursday, Nvidia, ranked No.1 in stock trading volume, rose by 6.13%, with a turnover of $39.581 billion. Jibang Consulting's latest report points out that Nvidia is currently the largest buyer in the HBM (High Bandwidth Memory) market, and it is expected that its procurement share in the HBM market will exceed 70% after the launch of products such as Blackwell Ultra and B200A in 2025. It is expected that Blackwell Ultra, which Nvidia is planning to launch in 2025, will use eight HBM3e12hi chips, and there is also a possibility of GB200 upgrade, in addition to the planning of B200A. Therefore, it is estimated that in 202...
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