Bitget UEX Daily Report | US stocks rise broadly, gold and silver hit record highs; Alibaba restructures chip division for IPO; Intel's guidance falls short of expectations (January 23, 2026)

# Hot News

Federal Reserve Dynamics

The Federal Reserve is expected to keep interest rates unchanged at next week's policy meeting

• Key Event: The Federal Reserve has cut rates three times in 2025, and the market widely expects that next week's meeting will maintain the status quo to assess the effects of previous easing measures.
• Key Points: Futures traders anticipate up to two rate cuts in 2026; there is a need to weigh inflation pressures, geopolitical uncertainties, and economic resilience.
• Market Impact: This expectation helps solidify investor confidence but also means limited room for further stimulus in the short term, potentially restricting excessive optimism in risk assets.

International Commodities

Precious metals rebound strongly to reach historic highs

• Key Event: Influenced by strong economic data and easing geopolitical risks, spot gold, silver, and platinum prices have risen significantly.
• Key Points: Spot gold rose by 1.8%, surpassing the $4900 mark for the first time; New York silver rose by 4%, and spot platinum increased by over 6.3%, both setting new records; Alcoa's Q4 revenue was $3.45 billion, and adjusted EPS was $1.26, both exceeding expectations; China Molybdenum's copper production is expected to reach 507,000 tons in 2025, a 27% year-on-year increase.
• Market Impact: This strengthens the bullish atmosphere in the commodity market, benefiting mining and related industry chain companies, but caution is needed regarding the risk of pullbacks due to supply fluctuations.

Macroeconomic Policy

U.S. PCE inflation data meets expectations, Trump’s tariff threats recede

• Key Event: The U.S. PCE price index slightly rose in November but did not exceed expectations, while Trump withdrew his tariff threats against Europe, warming transatlantic trade relations.
• Key Points: Overall PCE rose 2.8% year-on-year and 0.2% month-on-month; core PCE rose 2.8% year-on-year and 0.2% month-on-month; the European Parliament plans to restart discussions on the U.S.-EU trade agreement, with Greenland's Prime Minister emphasizing sovereignty.
• Market Impact: The inflation data supports the Federal Reserve's cautious stance, and the easing of geopolitical tensions boosts global trade sentiment, potentially further stimulating a rebound in risk assets, although divergences still pose potential uncertainties.

# Market Review

• Spot Gold: Continues to break through historic highs, first surpassing the $4900 mark.
• Spot Silver: Price breaks new highs, setting a new record, driven by strong demand.
• WTI Crude Oil: Driven by easing geopolitical tensions and supply expectations.
• U.S. Dollar Index: No significant fluctuations, driven by inflation data and Federal Reserve expectations.

U.S. Stock Index Performance

• Dow Jones: Up 0.63%, continuing the previous day's upward trend, supported by a broad market rally.
• S&P 500: Up 0.55%, characterized by an overall rise, with economic data boosting confidence.
• Nasdaq: Up 0.91%, driven mainly by a collective rebound in tech stocks.

Tech Giants Dynamics

• Apple: Up 0.28%, with a slight increase in stock price, mainly boosted by internal leadership adjustments.
• Microsoft: Up 1.58%, showing steady upward performance, benefiting from the overall tech stock rebound and strong cloud computing business.
• Google: Up 0.66%, with moderate gains, driven by the resilience of search and advertising businesses, as well as developments in the AI sector.
• Amazon: Up 1.31%, with a moderate increase in stock price, mainly due to seasonal demand recovery in e-commerce and AWS cloud services.
• Meta: Up 5.66%, leading tech giants with significant gains, mainly due to potential recovery signals in social media and metaverse businesses.
• Nvidia: Up 0.83%, with a slight increase, benefiting from structural support in semiconductor and AI chip demand.
• Tesla: Up 4.15%, with notable gains, catalyzed by CEO Elon Musk's optimistic remarks at the Davos World Economic Forum.

Core reasons for the fluctuations: Strong economic data combined with easing geopolitical tensions have led to a rebound in overall risk appetite, driving a broad rally in tech stocks, with Musk's comments further catalyzing interest in electric vehicles and AI concepts.

Sector Movement Observation

Rare Earth Stocks Up 13.6%

• Representative Stocks: Critical Metals up 20.89%, USA Rare Earth up 17.49%.
• Driving Factors: Recovery in global supply chain demand and expectations for strategic metal reserves have driven explosive rebounds in the sector.

# In-Depth Stock Analysis

1. Alibaba - Plans to Spin Off T-Head for IPO

Event Overview: Alibaba plans to restructure its AI chip division T-Head into an independent entity, introducing an employee stock ownership model to explore a future IPO. Established in 2018, this division focuses on areas such as AI accelerators, aiming to capitalize on the global AI chip competition. The expected IPO timeline may be at the end of 2026 or early 2027, with potential locations being Hong Kong or Shanghai's STAR Market. Market Interpretation: Institutions believe this restructuring will help Alibaba focus on high-growth hardware businesses and enhance its competitiveness in the semiconductor field, competing with giants like Nvidia. Investment Insight: Short-term positive for Alibaba's stock price rebound, suggesting attention to chip and AI-themed funds.

2. Intel - Q1 Guidance Disappoints, Leading to After-Hours Plunge

Event Overview: Intel's Q4 revenue was $1.37 billion, and adjusted EPS was $0.15, exceeding expectations, but Q1 revenue guidance of $1.17-1.27 billion and adjusted EPS of $0 fell short of market expectations of $1.26 billion and $0.08. The company attributed the softness to supply chain constraints, most severe in Q1, but expects gradual improvement starting in Q2, leading to a more than 11% drop in after-hours trading. Market Interpretation: Analysts point out that short-term supply bottlenecks reveal demand-supply imbalances, but the outlook for the year is improving, with some institutions maintaining buy ratings. Investment Insight: Increased stock price volatility makes it suitable for short-term avoidance, while long-term investors can wait for supply recovery.

3. Tesla - Musk Outlines AI and Robotics Blueprint at Davos

Event Overview: Tesla CEO Musk stated at the Davos Forum that the humanoid robot Optimus will be publicly available by the end of next year, having tested complex tasks in factories; Robotaxi autonomous driving services will be deployed on a large scale in the U.S. this year without safety drivers; AI is expected to surpass human intelligence by the end of the year, and SpaceX's Starship rocket will achieve full reusability. These remarks pushed the stock price up over 4% during the day. Market Interpretation: Institutions are optimistic about Tesla's leading advantages in robotics and autonomous driving, viewing it as key to expanding the AI ecosystem. Investment Insight: Reinforces the investment value in automation themes, suggesting allocation to related tech ETFs.

4. Apple - Expands Hardware Executive Authority, Signaling Succession

Event Overview: Apple has placed the design team's responsibilities under the jurisdiction of Senior Vice President of Hardware Engineering John Ternus, previously overseen by senior leadership. This adjustment occurs as CEO Cook turns 65, solidifying Ternus's position as a potential successor and emphasizing the core role of product appearance and experience. Market Interpretation: Analysts view this as a positive preparation for a smooth transition in company leadership, helping to maintain continuity in innovation. Investment Insight: Enhances Apple's long-term stability, suitable for value investors to hold.

5. Alcoa - Q4 Performance Exceeds Expectations

Event Overview: Alcoa's Q4 revenue was $3.45 billion, adjusted EBITDA was $546 million, and EPS was $1.26, all exceeding market consensus; it expects alumina shipments of 11.8-12 million tons and aluminum shipments of 2.6-2.8 million tons in 2026. Rising aluminum prices boosted profits, with shares initially rising over 5% in after-hours trading before retreating. Market Interpretation: Institutions believe it benefits from the recovery of the commodity cycle, with an optimistic profit outlook. Investment Insight: Focus on commodity price linkage, suitable for cyclical stock allocation.

# Today's Market Calendar

Data Release Schedule

Important Event Forecast

• Bank of Japan Interest Rate Decision: Time TBD - Focus on economic outlook report and potential policy adjustments.
• Bank of Japan Governor Ueda's Monetary Policy Press Conference: 14:30 - Interpretation of interest rate decisions and future guidance.
• Ericsson, Schlumberger, and LendingClub Earnings Releases: Pre-market - Earnings performance of tech and energy stocks.
• World Economic Forum Global Economic Outlook Discussion: 18:00 - Focus on geopolitical and macro risks.

Bitget Research Institute View:

We remain optimistic about the outlook for precious metals, driven by strong central bank purchases, industrial demand for AI, and a weaker dollar; we expect U.S. stocks to continue achieving double-digit growth, with the AI supercycle supporting earnings growth of 13-15%, but caution against rising inflation and geopolitical risks, suggesting diversified allocation to hard assets.

Disclaimer: The above content is compiled by AI search, with human verification for publication, and does not constitute any investment advice.