Big news! Bitcoin skyrocketed

Nakamoto 2025-10-22 10:29 84188人围观 BTC

Bitcoin stood at $71,000, the first time since April 12. On Monday, May 20, local time, the three major U.S. stock indexes had mixed gains and losses. As of the close, the Dow fell 0.49%, the Nasdaq rose 0.65% and hit a record high, and the S&P 500 r

Bitcoin topped $71,000 for the first time since April 12.

On Monday, May 20, local time, the three major U.S. stock indexes had mixed gains and losses. As of the close, the Dow fell 0.49%, the Nasdaq rose 0.65% and hit a record high, and the S&P 500 rose 0.09%.

Gold and silver futures are continuing their upward trend. Wind data shows that as of the close of the day, COMEX June gold futures closed up 0.87%, rising for two consecutive days, at $2,438.5 per ounce, setting a new historical high. London gold is currently trading at $2,425.970 per ounce, up 0.48%. COMEX July silver futures closed up more than 3.7% at $32.426 an ounce, hitting a new high since 2013 for four consecutive trading days.

Analysts predict Nvidia's revenue in the quarter ending in April will grow 242% to $24.6 billion. The company's first-quarter net profit was US$12.83 billion, much higher than the US$2.04 billion in the same period last year.

Bitcoin stood at $71,000 for the first time since April 12, rising nearly 6% on the day. Ethereum rose nearly 18% to $3,676. Bitcoin’s rally has also been influenced by a surge in the price of Ethereum, with analysts speculating that the U.S. Securities and Exchange Commission (SEC) is likely to approve a spot Ethereum ETF this week.

Technology stocks continue to be strong, with the Nasdaq approaching 17,000 points

On Monday, May 20, local time, the three major U.S. stock indexes had mixed gains and losses. As of the close, the Dow Jones Industrial Average fell 196.82 points, or 0.49%, to 39806.77 points. ； The Nasdaq rose 108.90 points, or 0.65%, to 16794.87 points ； The S&P 500 index rose 4.86 points, or 0.09%, to 5308.13 points.

The S&P 500 index closed near 5,308 points, and the Nasdaq hit a record high, just one step away from the 17,000-point mark. Technology giant Nvidia's stock price rose as analysts optimistically reported better-than-expected earnings. Opposition to exchange-traded funds for the second-largest cryptocurrency Ethereum is easing amid market speculation, with Ethereum rising more than 11% as of 5 p.m. local time on Monday. JPMorgan shares fell 4.5% after CEO Jamie Dimon said the bank would not buy back too many shares at current prices. The yield on the 10-year Treasury note rose two basis points to 4.44%.

Strength in technology stocks continued to drive the index higher. According to data compiled by Bloomberg, Nvidia has contributed about a quarter of the S&P 500 Index's gains since the end of October last year due to the market's enthusiasm for AI technology. Nvidia, along with Microsoft, Amazon, Meta and Google parent Alphabet, contributed 53% of the benchmark index's gains.

“"Not since Cisco in the late 1990s has a stock had such a huge impact on the overall market outlook," said Jason Trennert of Strategas Securities. "Nvidia's earnings report in May got even the most skeptical investors about the future of artificial intelligence to take notice." ”

Wall Street and the technology community are currently looking forward to Nvidia's first-quarter earnings report on Wednesday local time. Investors are awaiting evidence of whether the company driving the artificial intelligence craze can continue to go strong.

Jay Woods of Freedom Capital Markets said: "If the market is to continue to maintain momentum this week, Nvidia may be the only stock left to drive. That's not entirely true, but it's a safe bet that the hype surrounding this earnings release will be the biggest talking point in the financial media this week. ”

"The market is facing a familiar question of whether the bulls can continue to be strong," said Chris Larkin of Morgan Stanley. There will be relatively little data on the macro economy this week, while earnings reports are expected to move markets, with Nvidia making headlines from tech and retail companies. ”

Bank of America strategists said that as the benefits of emerging technologies spread to other industries, artificial intelligence darling Nvidia will no longer be the main stock driving the stock market. They believe the industrial, commodities and utility sectors will be the main beneficiaries.

Nvidia expects revenue to grow 242%, Microsoft launches AI computer

In terms of sectors, 4 of the 11 major S&P 500 sectors fell. Among them, stocks in the information technology sector led the gains, while stocks in the financial sector led the decline.

Popular technology stocks mostly rose. Netflix rose by more than 3%, Micron Technology, Nvidia, Texas Instruments, and Qualcomm rose by more than 2%. AMD, Eli Lilly, ASML, Broadcom, TSMC, and Microsoft rose by more than 1%. Intel, Apple, and Google A rose slightly, Amazon and Meta fell slightly, Tesla fell by more than 1%, and Cisco fell by more than 2%.

NVIDIA rose 2.49%. Nvidia will report its first-quarter earnings on Wednesday, a report that is closely watched by Wall Street as investors look to confirm whether the AI chipmaker can sustain its explosive growth and maintain its leadership position. Currently, NVIDIA's stock price is close to an all-time high, and as of closing, its market value exceeded US$2.30 trillion. Nvidia's stock price has increased more than sixfold since the beginning of 2023, and its stock price has risen more than 90% so far this year, which has had a significant boosting effect on the entire market.

According to LSEG data as of May 17, analysts believe that Nvidia’s revenue in the quarter ending in April will increase 242% to $24.6 billion. Analysts expect the company's first-quarter net profit to be $12.83 billion, up from $2.04 billion in the same period last year.

Analysts remain optimistic about Nvidia's long-term growth prospects despite challenges from supply constraints and rising memory costs that could impact gross margins. The positive expectations for Nvidia are supported by huge spending on data centers by technology giants such as Microsoft and Meta, as well as expected growth in global spending on cloud infrastructure services. Industry analysts are generally optimistic that Nvidia will continue to maintain its position as an industry leader in the foreseeable future.

Google A rose 0.49%. Google said in a statement on Monday that it will invest another 1 billion euros to expand its data center campus in Finland to promote the growth of its artificial intelligence (AI) business in Europe. In recent years, many data centers have been located in the Nordic countries because of the region's advantages of a cool climate, tax breaks and abundant renewable energy. Google said in a statement: "Heat energy generated from the Finnish data center will be redirected to the area near Hamina to power the local heating network covering residential homes, schools and public service buildings. ”Google added that it aims to achieve net-zero emissions across all its operations and value chains by 2030. In addition to its investment in Finland, the tech giant announced last month that it would build new data centers in the Netherlands and Belgium.

Microsoft rose 1.22%. Microsoft CEO Satya Nadella introduced a new line of PCs called Copilot+ with artificial intelligence capabilities at an event on its campus in Redmond, Wash., on Monday, aiming to integrate the emerging technology across its businesses and compete with big tech companies such as Google and Apple. The new computers, which will start at $1,000 and will begin shipping on June 18, will be able to handle more artificial intelligence tasks without relying on cloud data centers.

In the introduction, Microsoft showed off a feature called "Recall" that helps users find files and data they have viewed on their PC, even if the content is in tabs open in a web browser. In addition, Microsoft also demonstrated how its Copilot voice assistant can assist users in playing the "Minecraft" video game in real time.

Microsoft executives also said that OpenAI’s latest technology, GPT-4o, will soon be available for Microsoft Copilot.

Tesla fell 1.41%. According to reports, Tesla has frequently lowered the prices of electric vehicles in Europe in order to boost sales. This strategy has affected the interests of one of its largest customer groups-car rental companies. Because the decrease in new car prices directly leads to a decrease in the market value of second-hand cars after leasing, it increases the asset impairment risk of car rental companies. To compensate, Tesla offers unofficial car purchase discounts to rental companies, but whether the discounts are sufficient is still open to question. For example, Tesla is offering discounts of up to 2,000 euros since mid-2023. This pricing policy has currently resulted in some car rental companies such as Sixt suffering significant profit losses.

JPMorgan Chase CEO: “We will not buy back a large number of shares at these prices”

Large bank stocks fell broadly. JPMorgan Chase fell more than 4%, Citigroup, Bank of America, and Goldman Sachs fell more than 1%, BlackRock, UBS Group, and Wells Fargo fell slightly, and Morgan Stanley rose slightly.

JPMorgan Chase fell 4.50%. JPMorgan Chase CEO Jamie Dimon said on Monday: “We will not buy back a large amount of stock at these prices. ”He added: "When share prices fall, we will be more aggressive in buying back shares. ”JPMorgan Chase's stock price closed at a record high last week, but it plummeted after he made the remarks, closing down 4.5%, and its market value evaporated by more than US$26.46 billion (equivalent to approximately RMB 191.44 billion) in a single day.

At the same time, when asked about how long he will remain CEO, he said that the timetable is no longer five years and that succession planning is currently going well.

The question of who will take over the company has loomed over the industry after Jamie Dimon, who has held the top job since 2006. Earlier this year, about halfway through Jamie Dimon's five-year retention plan, the 68-year-old CEO moved some of his top deputies into new senior positions, giving them more experience running the company while preparing potential successors.

“"It's up to the board, it's not up to me," Jamie Dimon said. "I think when I can't put on a jersey and give it my all, I should basically leave. ”

Energy stocks were mostly lower. Chevron, Exxon Mobil, ConocoPhillips, Murphy Oil, BP, and Shell fell slightly, while U.S. Energy, Occidental Petroleum, and Petrobras rose slightly.

U.S. gold stocks generally rose, with Pan American Silver and Harmony Gold rising by more than 3%, Goldfields and Kinross Gold rising by more than 2%, and Eldorado Gold, Anglo Gold, and Cordairn Mining rising by more than 1%.

Popular Chinese concept stocks generally fell. The Nasdaq China Golden Dragon Index fell 1.65%. Li Auto fell more than 12%, iQiyi fell more than 4%, Bilibili and Weibo fell more than 3%, Futu Holdings fell more than 2%, Baidu, JD.com and Weilai fell more than 1%, Tencent Music, Alibaba, Xpeng Motors, NetEase and Manbang fell slightly, while Pinduoduo rose slightly.