
US Stocks at Market Open: Nasdaq Up 1.1%, PDD Up about 2%, Arm Holdings Up about 12%
The Dow rose 1%, and the S&P 500 rose 0.9%. Most popular Chinese concept stocks rose, with PDD up about 2% and the company's Q4 revenue growing 12% year-over-year; Alibaba rose about 3%, and JD.com rose about 4%. Most semiconductor stocks rose, with Arm Holdings up about 12%, as the company is directly challenging Intel and AMD with its first CPU targeting AI data centers and expected annual revenue of 15 billion; Intel rose about 5%.

