Oracle's stock plummets, U.S. indices turn negative during the session, S&P is set to end its seven-day winning streak, Bitcoin and silver both decline, while gold continues to reach new highs

Chip stocks are under pressure, and the three major U.S. stock indices, which opened higher collectively, all fell during the session. Oracle was reported to be facing financial pressure due to renting NVIDIA chips, exacerbating the downward pressure on the market. In early trading of U.S. stocks, after the news about Oracle broke, the company's stock price fell more than 7% at one point. The Philadelphia Semiconductor Index, which had already turned negative, saw its decline widen to over 2%. NVIDIA, which had risen nearly 1.9% earlier, slightly turned negative towards the end of the early session. The three major U.S. stock indices hit new daily lows, with the S&P poised to end a seven-day winning streak, the Nasdaq set to drop from the closing record high refreshed on Monday, and the Dow set to decline for two consecutive days. Among other chip stocks, Seagate Technology fell as much as 8%, MKSI dropped over 7%, Nanosys Semiconductor fell over 4%, Micron Technology dropped nearly 4%, Applied Materials fell over 3%, NXP dropped nearly 3%, and ON Semiconductor, Broadcom, and TSMC all fell over 2%. However, AMD, which surged after announcing a deal to supply 6GW of chips to OpenAI on Monday, maintained its upward momentum, rising over 4% during the session. Dell, which announced a significant upward revision of its performance guidance for the next four years before the U.S. stock market opened, initially rose over 6%, but briefly turned negative after the news about Oracle emerged. Commodity performance was mixed. Silver, which hit a fourteen-year high on Monday, retreated. On Tuesday morning, spot silver fell 2.0% to $47.5 per ounce. Meanwhile, gold continued to rise. In early trading, New York futures gold rose to $4,014.6, up nearly 1% during the day, while spot gold rose to $3,991.08, up nearly 0.8%, both hitting new intraday highs for the second consecutive day. Cryptocurrencies fell broadly. At the beginning of the U.S. stock market's midday session on Tuesday, Bitcoin fell below $121,000, retreating over $5,000 from the intraday high of over $126,000 set on Monday, a drop of over 4%. Risk Warning and Disclaimer The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at their own risk