---
title: "Expectations of interest rate cuts fall, with mixed performance in the three major US stock indexes. Chip stocks across the board suffered losses, while XPeng-W rose by 3%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/200192373.md"
description: "Nvidia fell by 2.2%, chip stocks across the board collapsed, with most \"Nvidia concept stocks\" falling"
datetime: "2024-03-19T13:42:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/200192373.md)
  - [en](https://longbridge.com/en/news/200192373.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/200192373.md)
---

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# Expectations of interest rate cuts fall, with mixed performance in the three major US stock indexes. Chip stocks across the board suffered losses, while XPeng-W rose by 3%

On Tuesday, March 19th, the two-day policy meeting of the Federal Reserve began, with interest rate swaps pricing indicating that traders' bets on a rate cut by the Fed in June are now less than 50%.

The three major U.S. stock indexes had mixed performances, with the Dow rising by 0.08%, the S&P 500 falling by 0.29%, and the Nasdaq dropping by 0.71%.

Energy sector ETFs, regional bank ETFs, and banking sector ETFs all saw gains of at least 0.3%. However, semiconductor ETFs fell by over 1%, while internet stock index ETFs, global technology stock ETFs, and technology sector ETFs all fell by at least 0.5%.

The Philadelphia Semiconductor Index fell by 1.8% at the opening, with chip stocks across the board experiencing losses. Super Micro Computer dropped by 11.2%, AMD by 4.8%, NVIDIA's double long ETF by 4.6%, and NVIDIA by 2.2%.

NVIDIA unveiled its most powerful AI chip, Blackwell GB200, at the GTC conference opening ceremony, but its stock price still dropped by 2.2% at the Tuesday opening.

NVIDIA and Novo Nordisk are jointly building a super AI computer, with their stock prices opening down by 0.6% and 2% for AMD, and over 10% for Super Micro Computer.

"NVIDIA concept stocks" such as SoundHound fell by over 4.7%, BigBear.ai by 4.8%, C3.ai, Jet.AI, Guardforce AI by up to 3.2%, Meta by 1.8%, Intel by 1.5%, NVIDIA's decline narrowed to 1.3%, Baidu ADR by 0.8%, LivePerson by 0.6%, Salesforce by 0.5%, Alibaba ADR by 0.4%, Adobe by 0.3%, and Amazon and Microsoft by 0.1%.

XPeng Motors narrowed its net loss in Q4, with a gross margin increase of 8.9 percentage points, leading to a more than 3% rise in its U.S. stock, while Nio and Bilibili each fell by about 1.5%

### Related Stocks

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- [S&P 500 (.SPX.US)](https://longbridge.com/en/quote/.SPX.US.md)

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