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The US stock market kicked off the new year with a bang this week. The three major indices surged simultaneously, with the Dow Jones Industrial Average at 49,462.08 points (up 0.99%), the Nasdaq at 23,547.17 points (up 0.65%), and the S&P 500 at 6,944.82 points (up 0.62%). Both indices broke their all-time highs, with the Dow even touching 49,509.92 points during trading.
Honestly, this rally is mainly supported by tech stocks. Members of the "Big Seven" like Amazon rose 3.37%, directly boosting the overall index. But the real standout was the chip sector — Micron Technology surged over 10% in a single day, and Palantir also gained more than 3%.
The most incredible performance was from Micron. By the third trading day of the year, the stock had already increased approximately 18%. Looking back, this company has achieved over 240% growth in 2025, making it a monster-level rally.
Why are chip stocks so popular? Baird investment strategist Ross Mefield's view is quite interesting — he said that tech stocks were a bit weak at the end of last year, but no one denies that AI is a disruptive technology. Currently, chip stocks are leading the charge, which is in line with expectations, but cyclical rotations are still ongoing. In simple terms, as long as the AI hype continues, the story of chips can go on.
A 240% increase is way out of my reach, I can only envy those who got in early.
How long can this AI concept keep being hyped? It feels like the risks are piling up quite aggressively.
Is AI really that profitable? I just don't get it.
Once again, the seven giants are propping up the market, retail investors are always the ones running behind.
I didn't manage to buy Micron last year, and now I don't dare to chase it anymore, I'm scared.
I'm tired of hearing about all-time highs; it feels like we're breaking new highs every day, which seems a bit fake.
This round of chip stocks is mainly supported by AI, but what if AI cools down? Just thinking about it makes me nervous.
Currently, chip stocks are the representatives of AI, telling stories all the way through.
On the third day of the new year, hitting a new all-time high—pretty aggressive.
All three major indices are up together; this wave of tech stocks really carries the market.
Micron up 18%... My friend got in early, I'm still watching.
AI isn't cooling down yet; the chip story can definitely continue.
Is this cycle really coming? Feels like we're about to see another round of chopping the leeks.
The seven giants driving the indices—it's just this routine.