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On Friday, the US stock market opened with a slight rise in the three major indices. The Dow Jones Industrial Average rose by 0.1%, while the S&P 500 Index and the Nasdaq Composite Index both rose by 0.04%. However, there was a noticeable divergence within the market.
The artificial intelligence sector has experienced a severe setback, with C3.ai becoming the focal point as its stock price plummeted by 31%. The quarterly performance of this AI software company significantly fell short of market expectations, raising concerns among investors. Chip giants also showed mixed results, with Intel rising by 3% against the trend, while its competitors NVIDIA and AMD dropped by 0.5% and 1.6%, respectively.
Meanwhile, cryptocurrency-related stocks performed well. As the digital currency market approached historical highs, Coinbase's stock price rose by 4%, while Robinhood and MicroStrategy increased by 1.4% and 3%, respectively. This phenomenon reflects the continued enthusiasm of investors for crypto assets.
Overall, the trading day started with a clear differentiation within technology stocks and a strong performance of cryptocurrency concept stocks. Market participants are closely monitoring the financial reports of various companies and macroeconomic data to assess future trends.