Bitget UEX Daily Report | Tech stocks rise for two consecutive days; Nvidia's Q4 revenue surges 75%; Circle skyrockets 35% (February 26, 2026)

1. Hot News

Federal Reserve Officials Speak Out: Inflation and Independence Take Center Stage

• Fed's Schmid emphasized that inflation remains a core challenge, with good employment conditions but no clear policy path; Bostic warned that conflicts with the White House have eroded public trust in the Fed's independence; the New York Fed pointed out that declining attractiveness of government bonds is pushing up key interest rates. Institutions believe these statements may reinforce market expectations for cautious rate cuts by the Fed, increasing uncertainty in the short-term interest rate path, which benefits defensive assets.

International Commodities: Saudi Oil Exports Hit Three-Year High

• Saudi Arabia's crude oil exports reached 7.3 million barrels per day in the first 24 days of February, the highest level since April 2023, and if sustained, would increase by over 400,000 barrels per day compared to January; this comes amid heightened tensions in indirect negotiations between the U.S. and Iran, with Saudi Arabia having briefly increased production during similar events. Market interpretations suggest that potential supply increases may alleviate geopolitical premiums, but the situation in Iran still supports oil price volatility, with short-term oil prices under pressure but unlikely to fall significantly.

Macroeconomic Policy: Risk of U.S. Tariff Increases Rising

• The U.S. Trade Representative stated that "global import tariffs" on certain countries will rise from 10% to 15% or higher; the EU estimates that €4.2 billion worth of goods will exceed the 15% cap of the trade agreement, with multiple communications but requiring a 2-3 month adjustment period. This move exacerbates trade uncertainty, potentially raising imported inflation and dragging down global growth expectations, benefiting safe-haven assets like gold.

2. Market Review

Commodity & Forex Performance

• Spot Gold: Up 0.47% to $5,194 per ounce, continuing to strengthen for several days, supported by tariff uncertainties and geopolitical risks.
• Spot Silver: Up about 1.03% to $90 per ounce, reaching a three-week high, with technical buying and safe-haven demand resonating.
• WTI Crude Oil: Up 0.43%, reported at $65.66 per barrel, with geopolitical risk premiums offsetting inventory increase pressures.
• U.S. Dollar Index: Down 0.1%, reported at 97.56, with tariff uncertainties and a recovery in risk appetite both exerting pressure.

Cryptocurrency Performance

• BTC: Up over 6%, briefly touching $70,000, with a strong short-term rebound.
• ETH: Up over 11%, returning above $2,050, alongside a recovery in market risk appetite.
• Total Cryptocurrency Market Cap: Up 6%, reported at $2.43 trillion, driven by a short-term improvement in sentiment.
• Market Liquidation Situation: $592 million in short positions liquidated in 24 hours, with a total of $705 million liquidated across the network, significantly aiding price rebounds.

U.S. Stock Index Performance

• Dow Jones: Up 0.63%, reported at 49,482.15 points, closing up for two consecutive days.
• S&P 500: Up 0.81%, reported at 6,946.13 points, led by the technology and software sectors.
• Nasdaq: Up 1.26%, reported at 23,152.08 points, significantly driven by AI and semiconductor sectors.

Tech Giants Dynamics

• Microsoft (MSFT): Up nearly 3% ------ Strong demand for AI cloud services
• Meta Platforms (META): Up over 2% ------ Optimism in advertising and AI investments
• Nvidia (NVDA): Up over 1.4% ------ AI expectations heat up before earnings report
• Tesla (TSLA): Up over 1.9% ------ Resonance between autonomous driving and energy sectors
• Amazon (AMZN): Up 1% ------ Steady cloud and e-commerce performance
• Alphabet (GOOG): Slightly up 0.64% ------ Gemini application rollout
• Apple (AAPL): Up 0.77% ------ Ordering 100 million chips to meet market demand Core Reason Summary: The seven giants collectively strengthened, mainly due to the AI theme reigniting market confidence, combined with optimistic expectations ahead of Nvidia's earnings report.

Sector Movement Observation AI Application Software Sector up over 5%

• Representative stocks: Figma (FIG) up nearly 14%, AppLovin (APP) up over 7%, Snowflake (SNOW) up over 5%
• Driving factors: Acceleration of AI tool implementation, software stocks rebounding from previous corrections.

Lithium Mining Concept Sector up over 10%

• Representative stocks: Sigma Lithium (SGML) up nearly 30%, Lithium Argentina (LAR) up nearly 7%, Albemarle (ALB) up nearly 5%
• Driving factors: Zimbabwe's suspension of lithium concentrate exports raises supply concerns and boosts price expectations.

Cryptocurrency Concept Sector up over 8%

• Representative stocks: Circle (CRCL) up 35.47%, Coinbase (COIN) up over 13%
• Driving factors: Circle's earnings report significantly exceeded expectations, with surging demand for stablecoins driving broad sector gains.

3. In-Depth Stock Analysis

1. Nvidia (NVDA) - Earnings Report and Q1 Guidance Both Exceed Expectations Event Overview: In Q4 of FY2025, earnings per share of $1.62 exceeded expectations, total revenue of $68.13 billion grew 75% year-on-year, and data center revenue of $62.3 billion also grew 75% year-on-year; Q1 guidance reached as high as $79.56 billion, significantly above market consensus expectations, but half of the data center sales came from a single customer, raising concentration concerns, with shares rising nearly 4% in after-hours trading. Market Interpretation: Institutions are generally optimistic about sustained AI demand exceeding expectations, with the Blackwell platform's ramp-up supporting annual growth, but customer concentration risk needs attention. Investment Insight: Valuation is expected to expand under short-term earnings report catalysts, but long-term growth still relies on the pace of AI capital expenditures; it is recommended to watch for buying opportunities on pullbacks.

2. Circle (CRCL) - "First Stablecoin Stock" Reports Strong Earnings Event Overview: In Q4 of 2025, revenue of $770 million grew 77% year-on-year, net profit of $133 million saw a significant increase, and the issuance of USDC continued to expand, with shares soaring 35.47% in after-hours trading. Market Interpretation: Analysts believe that the high growth of the stablecoin business validates regulatory compliance advantages, and the recovery of the crypto market will further amplify revenue elasticity. Investment Insight: As a leader in compliant stablecoins, its performance validates the resilience of the sector and can be a core allocation target in the crypto ecosystem.

3. Trip.com Group (Trip.com) - 2025 Full-Year Net Profit Soars 95% Year-on-Year Event Overview: In 2025, net profit attributable to the parent company rose 95% year-on-year, benefiting from strong recovery in both international and domestic travel demand, with inbound and outbound travel fully surpassing 2019 levels, and international platform bookings growing over 60%. Market Interpretation: Institutions pointed out that non-operating income contributed part of the incremental growth, but the core OTA business's steady growth supports long-term valuation recovery. Investment Insight: The trend of tourism recovery is clear, and it is recommended to pay attention to sustained performance during holiday peak seasons.

4. Dell (DELL) - Launches First Liquid-Cooled Outdoor Server Event Overview: Introduced the PowerEdge XR9700 outdoor server, designed to IP66 standards for wind and rain resistance, supporting extreme environments from -40°C to 46°C, with closed-loop liquid cooling technology suitable for edge AI and Cloud RAN, supporting 15 5G sectors per server, with mass production planned for the second half of 2026, and Japan's Rakuten Mobile has already planned deployment, with shares rising over 3%. Market Interpretation: Institutions are optimistic about new growth points brought by the integration of edge computing and 5G AI. Investment Insight: The diversification of server demand will support Dell's long-term competitiveness, and it is worth tracking the progress of AI infrastructure orders.

4. Cryptocurrency Project Dynamics

1. Circle's Q4 revenue and net profit both exceeded expectations, with the USDC ecosystem continuing to expand.
2. BTC's short-term rebound touched $70,000, with leveraged liquidations driving sentiment recovery.
3. ETH returned to $2,050, alongside a broad recovery in mainstream cryptocurrencies.
4. Cryptocurrency concept stocks collectively surged, with Coinbase's trading volume significantly rebounding.
5. The growth in stablecoin issuance validates the risk resistance capabilities of compliant projects.

5. Today's Market Calendar

Data Release Schedule

Important Event Forecasts

• Event: Third round of indirect negotiations between the U.S. and Iran (Geneva) - Focus on nuclear issue progress and oil price reactions
• Event: Baidu releases Q4 and full-year results for 2025 - Key AI business guidance

Bitget Research Institute Viewpoint: Yesterday, tech stocks in the U.S. led the market, driving the three major indices to close up for two consecutive days, with Nvidia's strong guidance and Circle's earnings report both validating the resilience of the AI and crypto ecosystems; gold and silver continued to rise under dual hedges of tariffs and geopolitical risks, while WTI crude oil was constrained by news of Saudi production increases; the dollar slightly retreated, reflecting a recovery in risk appetite. Notable investment banks like Goldman Sachs and Morgan Stanley analysts pointed out that the short-term market will revolve around discussions of the Fed's independence and trade policy battles, recommending allocations in gold and quality tech stocks to hedge against uncertainty, while also monitoring whether the crypto market can stabilize key levels after a short-term rebound, maintaining an overall neutral to optimistic allocation.

Disclaimer: The above content is organized by AI search, with human verification for publication, and is not intended as any investment advice.