Bitget UEX Daily Report | Gold and silver stop falling and rebound; SpaceX acquires xAI; Palantir's revenue surges (February 3, 2026)

Feb 03, 2026 10:24:02

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# 1. Hot News

Federal Reserve Dynamics

Waller's Nomination May Stabilize Market Sentiment

Morgan Stanley strategists indicate that Waller's nomination as a hawkish candidate is expected to ease concerns about the rapid depreciation of the dollar.
His appointment may strengthen the credibility of the Federal Reserve and suppress the recent overheating rise in precious metals.
This move could support the stabilization of the dollar, weakening the upward momentum of gold and silver in the short term, but may help with debt management strategies in the long term.

International Commodities

Gold and Silver Prices Stabilize

Spot silver rose over 4% during the day, while gold rebounded 2.55% to return above $4,770, ending three consecutive days of decline.
This is due to a slight easing of market concerns about dollar depreciation, with investors taking profits and repositioning.
This rebound may boost sentiment for related assets, but if the Federal Reserve shifts to a hawkish policy, the upward momentum may be limited.

Trump Plans to Invest $12 Billion in Key Mineral Reserves

Launching the "Project Vault" plan, establishing a commercial inventory mechanism through $10 billion in loans and $1.67 billion in private funding.
Targeting industries such as automotive and technology, similar to the strategic petroleum reserve, aimed at buffering supply chain risks.
This move strengthens national industrial security and may stimulate demand for minerals, driving structural adjustments in the commodities market.

Macroeconomic Policy

Non-Farm Payroll Report Delayed

Due to the federal government shutdown, the U.S. Labor Department has postponed the January employment report and December job vacancy data.
Trump is collaborating with the Speaker of the House to push for a funding agreement; the Senate has passed the plan, and the House is expected to end the shutdown on Tuesday.
The delay may exacerbate market uncertainty, affecting investors' judgments on economic recovery.

U.S.-India Trade Agreement Reached

Trump announced an agreement with Modi, reducing U.S. tariffs on India to 18%, with India correspondingly lowering barriers and increasing purchases of $500 billion in U.S. products.
Modi agreed to stop purchasing Russian oil and turn to U.S. and Venezuelan energy supplies.
This agreement may alleviate trade frictions and enhance global supply chain stability, but attention is needed on the execution details and their ripple effects on the energy market.

U.S. January ISM Manufacturing PMI Exceeds Expectations

The index rose to 52.6, higher than the expected 48.5, driven by growth in new orders and output, with the employment index reaching a one-year high.
The price payment index hit a four-month high, indicating accelerated expansion in manufacturing.
This data reflects economic resilience and may support the Federal Reserve's policy flexibility, boosting confidence in the stock market.

# 2. Market Review

Commodity and Forex Performance

Spot Gold: Up 3.13% + rebounding above $4,800/ounce
Spot Silver: Up 4.69% + rebounding above $82/ounce, showing strong characteristics during the day
WIT Crude Oil: Down 0.26% +
Dollar Index: Down 0.12% + to 97.499, slightly correcting during the rise

Cryptocurrency Performance

BTC: Up 1.34% +
ETH: Up 2.05% +
Total Cryptocurrency Market Cap: Up 1.5% + to $2.73 trillion
Market Liquidation Situation: Long positions liquidated $339 million / Short positions liquidated $234 million, total liquidation $574 million

U.S. Stock Index Performance

Bitget UEX Daily Report｜Gold and Silver Stop Falling and Rebound; SpaceX Acquires xAI; Palantir Revenue Soars (February 3, 2026) image 0

Dow Jones: Up 1.05% + strong consecutive rebound
S&P 500: Up 0.54% + opened low and rose close to new highs
Nasdaq: Up 0.56% + driven by the storage sector boosting tech stocks

Tech Giants Dynamics

NVIDIA: Down 2.89%
Google-A: Up 1.68%
Apple: Up 4.06%
Microsoft: Down 1.61%
Amazon: Up 1.53%
Meta: Down 1.41%
Tesla: Down 2% Overall fluctuations are primarily due to strong storage demand boosting some stocks, but concerns over AI chips and overall market volatility lead to divergence.

Sector Movement Observation

Storage Sector rose over 6%

Representative stocks: SanDisk up 15.44%, Micron Technology up 5.52%
Driving factors: Recovery in data center demand and supply chain optimization, driving a collective strength in semiconductor-related stocks.

# 3. In-Depth Stock Analysis

1. Palantir - Q4 Revenue Exceeds Expectations

Event Overview: Palantir's fourth-quarter revenue reached $1.41 billion, a 70% year-on-year increase, with both government and commercial businesses exceeding expectations; adjusted earnings per share were $0.25, higher than the expected $0.23. The first-quarter guidance is $1.532-1.536 billion, and the annual forecast is $7.182-7.198 billion, far exceeding market estimates. The stock price rose 8% in after-hours trading but faced ongoing concerns over government contract disputes and high valuations. Market Interpretation: Institutional views are divided; Goldman Sachs is optimistic about AI data analysis potential, while Morgan Stanley warns of valuation bubbles and immigration contract risks. Investment Insight: Short-term benefits from the guidance upgrade, but policy uncertainty should be monitored.

2. NXP - Q4 Revenue Exceeds Expectations but Automotive Business Weak

Event Overview: NXP's fourth-quarter revenue was $3.34 billion, with earnings per share of $3.35, both exceeding expectations; the first-quarter guidance median is above market expectations. However, automotive business revenue fell short of forecasts, raising concerns about recovery, and the stock price dropped over 5% in after-hours trading. Market Interpretation: Analysts believe semiconductor demand is strong, but Barclays points out that high inventory of automotive chips may drag down short-term performance. Investment Insight: Long-term benefits from electrification trends, but short-term observation of inventory adjustments is advisable.

3. Oracle - Launching $25 Billion Bond Issuance

Event Overview: Oracle is issuing $25 billion in bonds, divided into eight parts, led by Goldman Sachs, for investment in AI cloud infrastructure. The stock initially rose 4% but then turned down, highlighting market caution towards heavy asset strategies. Market Interpretation: Citigroup is optimistic about cloud transformation potential, but UBS is concerned about the debt burden increasing financial pressure. Investment Insight: AI demand may drive growth, but monitoring the interest rate environment is necessary.

4. Snowflake - $200 Million Partnership with OpenAI

Event Overview: Snowflake has partnered with OpenAI for a $200 million collaboration to integrate AI models into its cloud platform, supporting natural language data queries and enhancing enterprise AI application efficiency. Market Interpretation: Institutions are generally optimistic; JPMorgan believes this move strengthens data cloud competitiveness, but competition intensification should be noted. Investment Insight: The partnership enhances long-term competitiveness, suitable for investors focusing on the AI ecosystem.

5. Disney - Q1 Revenue Up 5% but Net Profit Declines

Event Overview: Disney's Q1 revenue for fiscal year 2026 was $25.98 billion, up 5%, with net profit of $2.4 billion, down 6%; growth was driven by the experience segment, while entertainment and sports profits fell by 35% and 23%, respectively, with cash flow affected by taxes and content investments. Market Interpretation: Analysts point out subscription pressure and weak advertising, but Goldman Sachs is optimistic about theme park recovery. Investment Insight: Diversified business provides a buffer, but attention should be paid to content renewal risks.

# 4. Cryptocurrency Project Dynamics

Galaxy Digital: Bitcoin may test the 200-week moving average at $58,000 within a few months.
U.S. prosecutors accuse stablecoin legislation of allowing crypto companies to profit from fraud.
Hyperliquid announces that HyperCore will support "result trading" (HIP-4).
Strategy's BTC holdings have an unrealized profit of $1.332 billion, while BitMine's ETH holdings have an unrealized loss of $6.5 billion.
Bernstein: The short-term crypto bear market may reverse within 2026, with Bitcoin potentially bottoming in the $60,000 range.

# 5. Today's Market Calendar

Data Release Schedule

Important Event Forecast

Australia Interest Rate Decision: 02:30 - Watch for whether to maintain an accommodative policy.
U.S. Job Vacancy Data: 09:00 - Assess the tightness of the labor market.

Bitget Research Institute Perspective:

The rebound in U.S. stocks is attributed to the ISM Manufacturing PMI exceeding expectations, boosting industrial and financial sectors, but the continued decline in precious metals reflects that Waller's nomination has eased fears of depreciation, putting short-term pressure on gold and silver under hawkish expectations. Crude oil fell 4.71% due to easing geopolitical risks from Iran negotiations, and the dollar slightly dropped 0.1%, indicating ongoing policy uncertainty. Goldman Sachs is optimistic about stock market resilience, but Morgan Stanley warns of increased volatility, suggesting attention to interest rate paths; Barclays expects oil prices to rebound after bottoming out, and overall risk assets should be cautious of deleveraging.

Disclaimer: The above content is compiled by AI search, with human verification for publication, and should not be considered as any investment advice.