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US Markets Mixed, Alibaba Soars 4.92%, Apple Gains 1.83%

Market Watcher2025-02-13

On February 12, 2025, the US stock market closed with mixed results. The Dow Jones Industrial Average fell by 0.50%, the S&P 500 declined by 0.27%, while the NASDAQ Composite saw a slight increase of 0.03%.

In sector performance, monkeypox concept stocks surged by 6.47%, with notable gains in SIGA Technologies Inc., Chimerix, and Inovio Pharmaceuticals. Silver stocks also performed well, rising by 3.74%, with Pan American Silver and First Majestic Silver among the top gainers. Popular Chinese concept stocks increased by 2.83%, led by Alibaba, Baidu, and Bilibili. The WSB concept stocks rose by 2.72%, with BlackBerry and AMC Entertainment showing significant gains.

Apple rose by 1.83% after announcing that it will introduce its Apple TV+ streaming service to Android phones for the first time. This move is seen as an effort to enhance the competitiveness of Apple TV+ against other streaming services like Netflix and Disney+.

NVIDIA fell by 1.25% as Super Micro Computer reported its Q2 fiscal 2025 results, tying its growth trajectory to Nvidia's Blackwell AI chips. Despite confidence in revenue growth for 2025, supply chain constraints and competition in the AI server market remain concerns.

Microsoft declined by 0.58%. The mixed performance of big tech stocks saw Tesla rise by 2.3%, while Nvidia, Alphabet, and Microsoft fell by around 1%.

Amazon.com dropped by 1.65% amid mixed performance in the tech sector. The company's stock was affected by broader market concerns about inflation and interest rates.

Tesla Motors gained 2.44% after Benchmark announced a price target of $475.00 per share and initiated coverage with a 'Buy' rating, indicating a positive outlook for the stock.

Alibaba surged by 4.92% as popular Chinese concept stocks saw significant gains. The NASDAQ Golden Dragon China Index rose by 2%, with other notable performers including XPeng Inc. and Li Auto.

JPMorgan Chase saw a slight increase of 0.17% despite announcing layoffs that will continue throughout 2025. The bank's decision comes after reporting record profits.

Netflix rose by 1.91% amid mixed performance in the tech sector. The company's stock was influenced by broader market trends and inflation concerns.

Coca-Cola increased by 1.64% after Wells Fargo and UBS raised their price targets for the company's shares, indicating a positive outlook.

Palantir Technologies Inc. climbed by 4.26%, reflecting positive market sentiment towards the company's performance.

Baidu rose by 4.36%, contributing to the overall gains in popular Chinese concept stocks.

Barrick Gold Corp increased by 6.44% after reporting a 70% year-over-year increase in adjusted net profit for Q4 and announcing a new $1 billion stock repurchase program.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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