Analysis: Rebound in tech stocks boosts risk sentiment, bitcoin sees a modest recovery after hitting a recent low
Odaily reports that following Micron Technology's release of an optimistic financial statement and Qualcomm's positive performance outlook, market sentiment in the technology sector has noticeably warmed up, leading to renewed risk appetite and easing previous concerns about cooling AI trading. Driven by this, Bitcoin rebounded from a 20-month low, rising 0.3% to USD 61,106, having briefly dipped to USD 59,062 during the session. Currently, the market focus has shifted to the upcoming US PCE inflation data, which may affect expectations for the Federal Reserve's future interest rate policy and further influence the performance of risk assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Don't Be Misled by "Instant Purchase, Instant Access": Pro Series Zero Wait Has Been the Norm for Years, UBS Maintains Apple (AAPL.US) Target Price at $340
The waiting time for iPhone 18 Pro is approaching zero, and Duo deliveries are scheduled until the end of January. UBS maintains its forecast for iPhone revenue in the December quarter at $95.1 billions, representing a year-on-year increase of 11.5%.
Nvidia's "black swan" shakes up AI faith! Jensen Huang's controversy draws in U.S. Treasury bond buying, long-term U.S. Treasuries rise against the trend
After a brief holiday break, the US Treasury market has resumed trading, with long-term US Treasury prices rising slightly. The recent turmoil surrounding Nvidia has caused doubts about the main AI trading narrative, prompting safe-haven buying into US Treasuries.
BoJ's Asada says must be mindful of expected effect of past rate increases on economy
Semafor: Some members of Nvidia's board favor appointing CFO Colette Kress as interim CEO
Crypto prices
More
