NVIDIA posts seven consecutive daily declines! Memory chip stocks plunge collectively; three major events this week will set the tone for the market outlook.

Market Close Overview

Dow Jones Industrial Average (DJI) +0.26%, S&P 500 (SPX) -0.28%, Nasdaq Composite (IXIC) -0.76%.

Severe market divergence: Value indices showed resilience, while tech growth stocks faced pressure; risk-aversion sentiment intensified as investors await the outcome of three major events this week.

🔥 Core Market Highlights

1. NVIDIA (NVDA) posts seven consecutive daily declines; capital flees to safety ahead of earnings report

NVIDIA plummeted 2.91%, marking its seventh consecutive daily decline and setting the longest losing streak since 2022, with over $150 billion wiped off its market cap overnight. Rumors suggest AI server prices will rise by more than 15% next year, while rising memory costs have dampened market sentiment. All eyes are on the post-market earnings report on Wednesday, with a focus on data center revenue, gross margin, and Rubin chip guidance, which will directly determine the short-term direction of the AI supply chain. $NVIDIA (NVDA.US)$

2. Memory chip stocks plunge collectively, completely aborting the rebound

Broad-based sell-off in the memory sector: Seagate (STX) -6.51%, SanDisk (SNDK) -6.45%, Micron (MU) -5.83%, Western Digital (WDC) -5.24%, SK Hynix ADR -4.92%. $SanDisk (SNDK.US)$$Micron Technology (MU.US)$$Seagate Technology (STX.US)$$SK hynix (SKHY.US)$

Trigger: Samsung's shareholder return plan missed expectations,叠加 with a concentrated exit of profit-takers following the prior rebound. Market concerns over a slowing pace of price hikes and long-term capacity expansion pressures have aborted the sector's rebound, increasing the risk of a secondary correction.

The Philadelphia Semiconductor Index plunged 2.7%, with the chip sector broadly weakening.

3. Divergence among tech giants

Meta (META +1.66%), Amazon (AMZN +1.33%), and Microsoft (MSFT +0.84%) closed higher; Tesla (TSLA) dropped sharply by 3.83%, facing selling pressure alongside NVIDIA. $Tesla (TSLA.US)$$Amazon (AMZN.US)$

4. Capital rotates from high to low valuations, favoring safe-haven assets

Funds flowed out of high-valued AI hardware stocks into defensive sectors such as gold, utilities, and banking. US Treasury yields fluctuated at elevated levels, suppressing valuations for high-multiple growth stocks.

📅 Key Highlights This Week

1. Wednesday after market close: NVIDIA (NVDA) earnings report, a bellwether for the AI and memory sectors

2. Wednesday evening: US Core PCE inflation data, a key indicator monitored by the Federal Reserve

3. Friday: Jackson Hole Global Central Bankers Symposium, featuring remarks from the Fed Chair that will set the tone for the pace of rate cuts

💡 Market Summary

Ahead of earnings season, the high-valuation tech sector is undergoing a stress test. The rebound in memory chips yesterday was quickly engulfed by a large bearish candle, widening market divergence; as the market enters an event-driven window, volatility is set to increase significantly.

57K Views