Huida's financial report is imminent, technology stocks support index differences

U.S. stocks fluctuated intraday, with technology stocks supporting the trend but the broader market divided. Dow Jones fell while the index rose slightly. The Dow Jones Industrial Average was temporarily at 45,397.46, down 0.51%; the S & P 500 Index was temporarily at 6,461.66, down 0.08%; the Nasdaq Composite Index was temporarily at 21,542.22, up 0.21%; the Philadelphia Semiconductor Index was temporarily at 5,781.43, up 0.47%. Investors turned to the sidelines after last week's strong rebound, focusing on the trend of Nvidia's earnings and inflation data this week.

Last week's rally digestion turned to wait and see

The previous wave of gains was boosted by Federal Reserve Chairman Powell's remarks about the possibility of interest rate cuts. The market soared and broke or approached historical highs. At this stage, the market has returned to fundamental verification, and technology equity stocks have become key supporting players. At the same time, we remain cautious about economic momentum and policy rhythm. Risk appetite has not narrowed sharply, but buying is more biased towards targets that are certain about financial results and supported by AI demand.

Semiconductor and large-scale technology maintain buying momentum

The semiconductor community continued to be a bright spot on the market, with the FSE index rising 0.47%, and Nvidia rising about 1.7% intraday, which the market regarded as the weather vane of the week. The storage and PC ecosystems have strengthened simultaneously. Seagate Technology(STX) rose about 3.44%, Western Digital(WDC) rose about 3.48%, and Intel(INTC) continued last week's gains. The trend of individual stocks shows that demand expectations for AI infrastructure and data center cycles are still stable, driving the group to be relatively stronger than the broader market.

The seven major US stocks performed differently but tended to be positive

Among the seven heroes, Nvidia rose by about 1.7% intraday, Tesla(Tesla, TSLA) rose by about 2.54%, Apple(Apple, AAPL) rose by about 0.34%, Meta Platforms(Facebook, META) rose by about 0.11%, Microsoft(Microsoft, MSFT) fell by about 0.28%, Alphabet(GOOGL) rose by about 1.72%, and Amazon(Amazon, AMZN) fell by about 0.17%. Overall, buying is concentrated on AI and electric vehicle momentum themes, while software and cloud equity stocks are mixed.

Consumer beverages plummet, mergers and spin-off plans triggered reassessment

Keurig Dr Pepper(KDP) plunged about 9.28%, announcing that it will acquire JDE Peet's for US$18 billion and plans to spin off into two beverage and global coffee companies in the future. Investors re-evaluated capital allocation and future governance structure, and stock prices and trading volume expanded simultaneously, becoming an important individual stock dragging down consumer defense stocks.

Furniture and apparel retail is under pressure from tariffs and ratings

The furniture and home retail community weakened, markets absorbed government policy uncertainty over furniture import investigations and potential tariffs, and shares of RH(RH, RH), Wayfair(W) and Williams-Sonoma(WSM) were under pressure. American Eagle Outfitters(AEO) was downgraded by a large foreign securities firm. Considering that the short-term benefits of its marketing activities were difficult to match tariff risks, its share price fell back.

The strengthening of the storage and PC ecological chain drives the technological community

Technological hardware and storage groups are the highlights of the disk. Seagate's share price rose after receiving positive comments from brokers and support from industry prospects; Witten rose simultaneously, benefiting from demand for high-end storage and AI servers. Intel rebounded strongly last week, and the market continued to digest the potential impact of government stake news and restructuring plans on long-term competitiveness. Looking ahead, Dell Technologies and Marvell Technology will announce results later this week, which will further examine the demand profile of the PC and data center supply chain.

Trading volume is concentrated on AI and news stocks

Intraday trading momentum is concentrated on AI weights and individual stocks with significant news. Huida is one of the hottest trading targets, and Keurig Dr Pepper has increased both volume and price due to major transactions and spin-off plans. China's e-commerce ADR PDD Holdings(PDD) reported better than expected. After a surge in early trading, its gains converged, indicating that the bullish response has become more rational. Driven by the box office performance of animated films, Netflix(NFLX) has a strong share price, which has also driven attention to streaming and content themes.

The rise in yield rates and the strength of the US dollar affect the evaluation

U.S. 10-year bond yields rose, the U.S. dollar strengthened against the euro, pound and yen, and the financial environment was marginal. The discount rate for high-value assets was unfavorable, but AI and semiconductor groups resisted decline. Crude oil futures rose, gold changed little, and most crypto assets fell, indicating that the tug of war between safe-haven and risky assets is still there.

This week's focus is on Huida's earnings report and PCE inflation

The market focus is on Viida's upcoming quarterly report. The market consensus expects earnings per share to be approximately US$1.01 and revenue to be approximately US$46.13 billion. A number of Wall Street institutions have recently raised their target prices, reflecting their optimism about continued demand for AI hardware. On the other hand, the core PCE annual growth forecast is about 2.9%, slightly higher than the previous month's 2.8%. If inflation resilience is higher than expected, it will affect the interest rate path and the evaluation of growth stocks. Two key events will jointly calibrate market risk appetite and industry capital allocation.

Intraday structure shows risk appetite remains but stock selection is more concentrated

Overall, the structure behind index shocks is healthy: AI and semiconductors provide up-to-date support, consumer beverages and furniture retail are under pressure due to company events and policy uncertainties, and funds are based on technology and cloud-related targets with high fundamental certainty. First choice. If Huida's financial report and inflation data are in line with the market's dual expectations for interest rate cuts and profits, capital rotation is expected to spread; on the contrary, valuation digestion and stock rebalancing may occur in the short term.