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original title: dow jones hits record high! intel's big move, stock price rises more than 6%! analysts say iphone 16 sales prospects are not good, apple's market value evaporates 660 billion yuan

on monday, eastern time, the three major u.s. stock indexes closed mixed as investors assessed the possibility of a sharp interest rate cut by the federal reserve this week.large technology stocks were mixed, with intel up more than 6%, apple down more than 2%, and nvidia and tesla down more than 1%.

in terms of news, the world will start a "super central bank week" this week, and the focus of the financial market is undoubtedly the interest rate decision that the federal reserve will announce in the early morning of september 19th, beijing time. currently, traders are continuing to increase their bets on the federal reserve to cut interest rates by 50 basis points. according to the federal reserve observation tool of the chicago mercantile exchange (cme), the market currently expects the probability of the federal reserve cutting interest rates by 50 basis points to rise to 59%, higher than 43% last friday. it is foreseeable that the key decision that the federal reserve is about to make will most likely cause a huge shock in the global financial market.

dow hits record high

as of the close of the u.s. stock market, the three major u.s. stock indexes rose and fell, with the dow jones industrial average hitting a record high. as of the close of the day, the dow jones industrial average rose 228.30 points from the previous trading day to close at 41,622.08 points, an increase of 0.55%; the s&p 500 index rose 7.07 points to close at 5,633.09 points, an increase of 0.13%; and the nasdaq composite index fell 91.85 points to close at 17,592.13 points, a decrease of 0.52%.

large technology stocks were mixed.intel rose more than 6%.meta rose more than 1%, microsoft and google rose slightly, nvidia and tesla fell more than 1%, and amazon and netflix fell slightly.

it is worth mentioning thatapple fell more than 2%, and its market value evaporated by us$93.9 billion (about rmb 665.7 billion)。

on the news front, tf international analyst ming-chi kuo said that the pre-order sales of the iphone 16 series in the first weekend are estimated to be about 37 million units, which is about 12.7% less than the first weekend sales of the iphone 15 series last year. the key is that the iphone 16 pro series is lower than expected. kuo ming-chi pointed out that the delivery time of the iphone 16 pro series is significantly lower than that of the 15 pro series. in addition to the increase in pre-order inventory, the year-on-year decrease in sales in the first weekend is still due to lower-than-expected demand. it is worth noting that the sales of iphone 16 plus and iphone 16 increased in the first weekend, but it had limited help in increasing overall iphone shipments.

banking, precious metals and aviation sectors led the gains, with alcoa up more than 6%, century aluminum up more than 4%, carnival cruise line up more than 3%, united airlines, norwegian cruise line, harmony gold and gold fields up more than 2%, and citigroup, bank of america and morgan stanley up more than 1%.

most of the popular chinese concept stocks fell, with the nasdaq china golden dragon index falling 0.58%. nio fell more than 2%, alibaba and bilibili fell more than 1%, netease, weibo, xpeng motors, li auto, tencent music, and futu holdings fell slightly. pinduoduo rose more than 2%, manbang rose more than 1%, baidu, vipshop, and jd.com rose slightly.

commodity market: international oil prices rose. as of the close of the day, the price of light crude oil futures for october delivery on the new york mercantile exchange rose by $1.44 to close at $70.09 per barrel, an increase of 2.10%; the price of brent crude oil futures in london rose by $1.10 to close at $72.75 per barrel, an increase of 1.55%. international gold prices fell. as of the close of the day, the main contract of comex gold futures fell by $1.80 per ounce, a decrease of 0.07%, to $2,608.90 per ounce.

intel rose more than 6%

intel rose more than 6% on monday.after the market closed, the stock price rose by 11%.the company said it plans to transform its foundry business into a standalone unit with an independent board and the potential to raise outside funding.

according to foreign media reports,intel will also sell some of its shares in altera, it said in a memo to employees as part of chief executive officer pat gelsinger's efforts to turn around the struggling chipmaker.

gelsinger said the reorganization will allow the foundry business to "evaluate independent funding sources" and comes just days after intel's board of directors met to assess the company's direction and future.the company plans to use its foundry business to make chips for other customers, but that has been a significant drag on its performance, with the company spending about $25 billion in each of the past two years.

image source: screenshot of cnbc report

according to people familiar with the matter, in addition to considering external financing, intel is also weighing whether to spin off its foundry business, possibly into a separate public company. by establishing an independent "operating board" and a clearer corporate structure, the operational mechanism of the spin-off becomes much simpler than turning a fully integrated department into an independent company.

before the surge in after-hours trading, intel had lost nearly 60% of its market value this year. the company has lost market share in its core personal computer and data center businesses and watched nvidia steal share of the artificial intelligence chip market. in august, intel reported disappointing quarterly results, triggering the most violent sell-off in 50 years, and said it would cut more than 15% of its workforce as part of its $10 billion cost-cutting plan. gelsinger said the company is now about halfway through its planned layoffs.

gelsinger also said intel will also suspend plans to build wafer fabs in poland and germany for "approximately two years" based on "expected market demand" and scale back plans to build a plant in malaysia. the company said u.s. manufacturing projects will not be affected.

earlier on monday, the biden administration offered intel up to $3 billion in funding aimed at supporting domestic chip manufacturing in the united states.

in addition to the foundry business announcement, intel also said it had reached an agreement with amazon web services to produce custom chips for artificial intelligence, expanding their long-term partnership. amazon is a major customer of intel chips for aws servers and will purchase customized versions of intel's xeon processors.

the move could give intel a foothold in the growing industry for artificial intelligence server chips, a market that nvidia has largely controlled, although intel has several products including the gaudi 3 that can be used for ai.

amazon has been developing its own ai chips, one of which it calls trainium, for five years, and microsoft and google have also invested heavily in developing custom chips for running ai, aiming to offer them cheaper than nvidia’s general-purpose graphics processors.

intel said it will carry out its most advanced production, including artificial intelligence chips for aws, at the ohio factory it is building.

“everyone will continue to watch us,” kissinger said. “we need to fight for every inch of territory and execute better than ever before. because that is the only way to silence the critics and deliver the results we are capable of.”