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[Introduction] Nvidia surged more than 4%, gold and crude oil jumped, and JPMorgan bought Chinese stocks crazily in the second quarter

On August 12, Eastern Time, before the release of the heavyweight U.S. CPI data, the market was concerned about the intensification of the conflict in the Middle East, and investors' risk aversion sentiment increased significantly. U.S. stocks fell in late trading, and the three major indexes ended up with mixed gains and losses.

The giant Nvidia surged more than 4%, and was supported by many major banks. In addition, Nvidia President and CEO Huang Renxun is still continuing to sell off shares to cash out.

Against the backdrop of geopolitical conflicts in the Middle East, international gold and oil prices jumped, with WTI September crude oil futures rising by more than 4%.

The second quarter holdings were announced, and JPMorgan Chase bought a lot of Chinese stocks Manbang, and increased its holdings in iQiyi and Bilibili significantly.

Markets are concerned about the geopolitical situation in the Middle East

The three major U.S. indexes fell in late trading

On August 12, Eastern Time, the geopolitical situation in the Middle East affected the market. According to CCTV News, on that day, John Kirby, spokesman for the White House National Security Council, said that Iran could launch a "major" attack on Israel as early as this week.

In addition, in terms of economic data, the New York Fed's one-year inflation forecast for the United States in July was 2.97%, compared with 3.02% in the previous period.

The three major U.S. indexes rose in early trading, fell in late trading, and ended up with mixed gains and losses. As of the close, the S&P 500 closed flat at 5,344.39 points; the Dow Jones Industrial Average closed down 0.36% at 39,357.01 points; and the Nasdaq closed up 0.21% at 16,780.61 points.

Gerry Fowler, head of European equity and global derivatives strategy at UBS, believes that the market's panic reaction at the beginning of last week was excessive and the market will gradually regain confidence, but the volatility of U.S. stocks is unlikely to fall back to a low level in a short period of time.

Nvidia surged more than 4%

Huang Renxun continues to reduce his holdings

On August 12, Eastern Time, giant Nvidia surged more than 4% to $109.02, with the latest total market value of $2.68 trillion.

On the news front, Bank of America analyst Vivek Arya said on Monday that Nvidia's stock would be a good choice if the semiconductor industry rebounds. He expects the semiconductor industry to rebound in the fourth quarter of this year as seasonal unfavorable factors may subside by then.

Investors are awaiting Nvidia's earnings report later this month, but Arya said September is traditionally the worst month for the semiconductor industry, so investors may need some patience.

The good news, he said, is that the fourth quarter and first quarter of the following year are usually much better for chip stocks, a dynamic that makes him predict that the semiconductor industry will rebound by then. He believes that in this case, Nvidia, Broadcom and KLA stocks would be his top picks because these companies are "the most profitable suppliers in their respective end markets."

In addition, UBS maintained its buy rating and gave a target price of $150 despite Nvidia's delayed release of the Blackwell GPU.

It is also worth noting that Nvidia President and CEO Jensen Huang cashed out $24.9 million from the company's stock from August 8 to 9, selling 240,000 shares.

International gold and oil prices surge

On August 12, Eastern Time, oil prices jumped amid geopolitical conflicts in the Middle East.

WTI September crude oil futures closed up $3.22, or 4.19%, at $80.06 a barrel; Brent October crude oil futures closed up $2.64, or more than 3.31%, at $82.30 a barrel.

WTI September crude oil futures are currently at $79.62 per barrel, and Brent October crude oil futures are currently at $82.05 per barrel.

As tensions in the Middle East escalate, gold continues to rise. COMEX gold has risen to $2,515.9 per ounce.

JPMorgan Chase bought Chinese stocks crazily in the second quarter

According to the 13F documents released by the U.S. Securities and Exchange Commission (SEC), JPMorgan Chase increased its holdings of Nvidia by more than 11.16 million shares and Apple by 24.73 million shares in the second quarter. It also increased its holdings of technology giants such as Microsoft, Amazon, Google and Meta.

In terms of Chinese concept stocks, JPMorgan Chase increased its holdings in Manbang by 458% or 26.7 million shares, and added large amounts to iQiyi and Bilibili. As of the end of the second quarter, the total market value of JPMorgan Chase's holdings was approximately US$1.22 trillion, compared with US$1.18 trillion in the last report.

Latest news on the situation in the Middle East

US-UK joint air strikes

According to a comprehensive foreign media report by China News Network, the Yemeni Houthi armed forces stated that on August 12, local time,The US and British forces launched a joint airstrike on Hodeidah province in western Yemen.

According to CCTV News Client on the 12th, the Yemeni Houthi armed forces said that earlier that dayThe US military launched an airstrike on Kamalan Island west of Hodeidah province, and Saudi Arabia launched an airstrike on Saada province in northern Yemen.

Turkey's Anadolu news agency, citing Al-Masirah TV, reported that the coalition airstrike targeted Kamalan Island, but gave no further details on casualties or losses.

According to reports, the United States and Britain have not yet made any statement on this news.

The United States, Britain, France, Germany and Italy issued a joint statement calling for the resumption of Gaza ceasefire negotiations

According to CCTV News, local time on August 12,The United States, Britain, France, Germany and Italy issued a joint statement on the Middle EastAccording to a statement released by the White House, the five leaders discussed the situation in the Middle East. In order to fully support the efforts to ease the conflict in Gaza, reach a ceasefire and release the detained persons, the five governments agreed to restart the ceasefire negotiations later this week and called on all parties to fulfill their responsibilities and reach a ceasefire agreement as soon as possible.

White House official says Iran could launch 'significant' attack on Israel as early as this week

According to CCTV News, on August 12 local time, John Kirby, spokesman for the White House National Security Council, saidIran could launch 'major' attack on Israel as early as this week。

John Kirby said that US President Biden had called the leaders of France, Germany, Italy and Britain that day to discuss the growing tensions.

(Comprehensive compilation by Ivan)

Editor: Joey

Review: Xu Wen