U.S. chip stocks soar, ARM up over 15%, Chinese concept stocks surge, a software stock jumps 77%, gold and crude oil rally

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Reporter | Zhang Jiayu

Editor | Zeng Jingjiao

On Wednesday (March 25), major European and American stock markets closed higher. Germany, France, and the UK stock markets all rose over 1%, with tech and gold stocks generally up; the Dow Jones Industrial Average rose 0.66%, gaining over 300 points intraday, the S&P 500 increased 0.54%, and the Nasdaq rose 0.77%.

Most large tech stocks gained, with the Wind U.S. Tech Seven Giants Index up 0.80%. In individual stocks, Amazon rose over 2%, Nvidia nearly 2%, and Tesla increased 0.76%.

Chip stocks mostly rose, with the Philadelphia Semiconductor Index up 1.21%. Notably, chip design company ARM’s stock surged over 16% after releasing its first self-developed chip, the AGI CPU, and stating that by 2031, a single product will generate $15 billion in revenue; chip giants AMD and Intel both rose over 7%. According to CBN, there are reports that Intel and AMD have notified customers that CPU prices will be increased in March and April.

Storage sector concept stocks declined collectively, with Micron Technology down 3.4%, marking a “five-day losing streak,” SanDisk fell over 3%, Seagate Technology dropped over 2%, Western Digital declined 1.6%. According to Caixin, Google announced a technology that can “significantly compress KV cache.”

The China concept stock index outperformed the broader market, with the Nasdaq China Golden Dragon Index up 1.86%. Among individual stocks, software company NEXT TECHNOLOGY soared 77%, JD.com rose over 8%, Canadian Solar increased nearly 8%, Kingsoft Cloud and Huya gained over 6%, Vipshop and Pinduoduo rose over 4%, Alibaba gained more than 3%. Decliners included Zhihu, down over 6%, Zhongtong Express fell nearly 4%, Huazhu Group declined nearly 2%, and Tencent Music dropped over 1%.

Gold stocks performed strongly, Harmoni Gold rose over 5%, AngloGold increased over 4%, Jintian rose over 4%, Goldros Gold gained over 4%, Elrado Gold rose nearly 4%, and Barrick Gold increased over 2%.

On March 25, gold and silver prices surged then pulled back. Spot gold briefly broke through the $4,600 mark. On the morning of March 26 in Asia, precious metals opened high. As of 6:45 Beijing time, spot gold was up 0.51% at $4,528.35 per ounce, and spot silver rose 0.17% to $71.296 per ounce.

In crude oil markets, on March 25, WTI main futures fell 1.15% to $91.29 per barrel; Brent crude main futures declined 2.18% to $98.04 per barrel. On the morning of March 26 in Asia, WTI rebounded, up 0.66% at $90.916 per barrel as of 6:51 Beijing time.

Cryptocurrencies collectively rose, with Bitcoin up nearly 2%, trading at $71k per coin. Over the past 24 hours, more than 79k traders were liquidated.

The highly watched Middle East situation remains uncertain. According to CCTV News, on March 25 local time, the U.S. is trying to arrange a meeting this weekend in Pakistan to discuss an “exit plan” for the U.S. conflict with Iran. Iranian Foreign Minister Araghchi stated that the U.S. has recently been transmitting messages to Iran through third parties, but this is only “information exchange,” not formal negotiations.

CCTV News reports that on March 25, U.S. officials revealed that Israeli senior officials expressed concern that, given the increasing likelihood of negotiations between the U.S. and Iran, U.S. President Trump might abruptly end the conflict. Israeli Prime Minister Netanyahu ordered on March 24 to destroy as many Iranian military industrial facilities as possible within the next 48 hours.

Additionally, CCTV News reports that on March 25, the spokesperson for Iran’s Hatem Anbia Central Command issued a statement saying that the regional situation has changed, and the rules of passage through the Strait of Hormuz will be redefined, meaning any party hostile to Iran will no longer have passage rights.