Bitget UEX Daily Report | Positive Progress in Yimei Talks; Nvidia Plummets Over 5%; Dell's Guidance Exceeds Expectations (February 27, 2026)

1. Hot News

Federal Reserve Dynamics Federal Reserve officials maintain rate cut expectations but emphasize cautious pace

• Federal Reserve Governor Milan reiterated the need for a 100 basis point rate cut by 2026 and is inclined to act early, while warning that excessive regulation distorts credit structure; Goolsbee stated that rates can be lowered but does not want to take significant action before inflation shows clear signs of easing. Analysts believe that officials continue to anchor the rate cut path, but the cautious signal of "not wanting to act significantly in advance" may limit excessive optimism in the bond market, benefiting high-yield assets in the short term but increasing volatility.

International Commodities Positive progress in US-Iran Geneva talks, oil prices rise and fall

• After the talks concluded, multiple parties stated "significant progress" and "close to consensus," with technical discussions scheduled in Vienna next week and further talks to be scheduled; Brent crude oil surged during the session before giving back gains, falling back to around $71. Positive progress temporarily eased geopolitical premiums, but uncertainties in the Middle East remain, putting short-term pressure on oil prices while supporting the safe-haven attributes of precious metals.

Macroeconomic Policy Trump administration intensifies planning to retain tariff revenues

• Officials from multiple departments are formulating legal strategies to retain billions in revenue after the Supreme Court ruled some tariffs "illegal," including discouraging companies from refunds, legalizing a new framework, or partially waiving refunds. This move continues the uncertainty in trade policy, which may raise expectations for imported inflation and benefit safe-haven assets like gold, with the market needing to pay attention to the subsequent responses from trade partners like the EU.

2. Market Review

Commodity & Forex Performance

• Spot Gold: Slight fluctuations, reported at $5173.79 per ounce, with geopolitical easing intertwined with tariff uncertainties.
• Spot Silver: Fluctuated with the precious metals sector, reported at $88.32 per ounce, under technical pressure.
• WTI Crude Oil: Rose to $66.71 before falling back to $65.25, with positive developments in US-Iran talks easing supply concerns.
• US Dollar Index: Slight fluctuations, with risk appetite temporarily suppressed.

Cryptocurrency Performance

• BTC: Rose above $70,000 before falling back to $67,244. Range-bound fluctuations, influenced by risk appetite in the short term.
• ETH: Fluctuated with mainstream coins, down 2.02% in 24H, reported at $2015, with noticeable adjustments in leverage positions.
• Total Cryptocurrency Market Cap: Fell 1.6% to $2.39 trillion, with sentiment remaining low.
• Market Liquidation Situation: Total liquidation of $243 million in 24H, with both long and short positions being liquidated, and continued deleveraging.

US Stock Index Performance

• Dow Jones: Up 0.03%, reported at 49,499.2 points, with defensive sectors providing support.
• S&P 500: Down 0.54%, reported at 6,908.86 points, unable to hold above the 7,000-point mark.
• Nasdaq: Down 1.18%, reported at 22,878.38 points, significantly dragged down by tech weights.

Tech Giants Dynamics

• Microsoft (MSFT): Slightly up 0.28% ------ Cloud business remains stable
• Meta Platforms (META): Slightly up 0.51% ------ Continued investment in AI
• Nvidia (NVDA): Down over 5% ------ Inertia adjustment after earnings report
• Tesla (TSLA): Down over 2% ------ Sector linkage downward
• Amazon (AMZN): Down 1.29% ------ Overall tech under pressure
• Alphabet (GOOG): Down 1.76% ------ Gemini progress did not boost
• Apple (AAPL): Slightly down 0.47% ------ New product expectations have not yet fermented Core Reason Summary: Nvidia's post-earnings inertia plunge drags down the chip and tech sectors, with market concerns over the narrowing of AI moats and capital expenditure returns dominating, while software stocks strengthened against the trend due to short squeeze dynamics.

Sector Movement Observation AI Application Software Sector rose over 4%

• Representative stocks: Spotify (SPOT) rose nearly 7%, AppLovin (APP) rose over 5%, Salesforce (CRM) rose over 4%
• Driving factors: Leveraged short covering drove the short squeeze, accelerating the deployment of AI tools boosted software stocks.

Rare Earth Magnet Sector rose over 2%

• Representative stock: MP Materials (MP) rose over 2%
• Driving factors: Announced a $1.25 billion investment to build the largest rare earth magnet base in the US, supporting domestic demand.

3. In-Depth Stock Analysis

1. Dell (DELL) - Strong AI Server Guidance Event Overview: Stock price rose over 10% after the earnings report was released after hours, with the company expecting AI server revenue of about $50 billion for the fiscal year (YoY +103%), adjusted EPS of about $12.90, and sales of about $140 billion, all significantly exceeding analyst expectations. Market Interpretation: Institutions believe that the demand for AI servers exceeding expectations validates Dell's leading position in liquid cooling and edge computing, enhancing long-term growth certainty. Investment Insight: In the context of accelerated capital expenditure on AI infrastructure, there is still room for Dell's valuation recovery, and it is recommended to pay attention to buying on dips after the earnings report.

2. Netflix (NFLX) - Exits Warner Bros Acquisition Event Overview: Announced after hours that it would exit the acquisition of Warner Bros Discovery, with stock price rising over 9%. Market Interpretation: Analysts believe this move avoids high-leverage acquisition risks, and focusing on core streaming business is more beneficial for long-term shareholder returns. Investment Insight: With strategic focus combined with content advantages, Netflix's resilience stands out in an increasingly competitive environment, making it a defensive growth allocation.

3. Baidu (BIDU) - Increased Proportion of New AI Business Event Overview: Annual revenue slightly decreased by 3% YoY, Q4 revenue of 32.74 billion yuan increased by 5% QoQ slightly exceeding expectations; core AI new business revenue in Q4 exceeded 11 billion yuan, accounting for 43% of general business, with AI high-performance computing subscription revenue increasing by 143% YoY. Market Interpretation: Institutions are optimistic about the high growth of AI cloud infrastructure offsetting advertising pressure, with long-term transformation effects gradually emerging. Investment Insight: The continuous increase in the proportion of AI business is a key point of focus, and it is recommended to pay attention to the verification of computing power demand in Q1 guidance.

4. Broadcom (AVGO) - Shipment of 3.5D Chip Platform Event Overview: Announced that it has begun shipping the industry's first 2-nanometer custom computing SoC based on the 3.5D XDSiP platform, expecting to sell at least 1 million chips by 2027. Market Interpretation: Executives' statements strengthen market confidence in the next-generation XPU platform, with sustained strong demand for AI custom chips. Investment Insight: Broadcom's leading advantage in advanced packaging will support long-term performance, making it worth tracking AI server supply chain orders.

5. MP Materials (MP) - Largest Rare Earth Magnet Base in the US Event Overview: Announced an investment of over $1.25 billion in Texas to build a large rare earth magnet manufacturing park, with an annual production capacity of about 10,000 tons after full production. Market Interpretation: Under the support of domestic supply chain localization policies in the US, the strategic significance of rare earth magnets is highlighted. Investment Insight: Under the dual catalysis of geopolitics and policy, MP Materials' long-term growth certainty is enhanced.

4. Cryptocurrency Project Dynamics

1. Positive progress in US-Iran talks eases geopolitical risks, leading to a short-term drop in oil prices.
2. Analysts refute rumors of "Jane Street selling Bitcoin daily at 10 AM," stating that Bitcoin is not easily manipulated.
3. American Bitcoin Corp (ABC), a Bitcoin mining company supported by the Trump family, released its Q4 financial report, showing a loss of $59 million for the quarter.
4. Analysts: Bitcoin's rebound is constrained by the $68,000 trend line, and the bear market is not yet over.
5. For the week ending February 21, the number of initial jobless claims in the US was 212,000, with expectations of 215,000, and the previous value revised from 206,000 to 208,000. Federal Reserve officials reiterated the rate cut path for 2026 but emphasized the pace.
6. HyperLend: The native token HPL has been launched on Hyperliquid.

5. Today's Market Calendar

Data Release Schedule

Important Event Forecasts

• Event: Technical discussions on US-Iran (next week in Vienna) - Focus on follow-up on nuclear issues and oil price reactions
• Event: Launch week for Apple’s new products - Key focus on hardware and AI integration progress

Bitget Research Institute Viewpoint: Yesterday, US stocks experienced a "sell the fact" trend again after Nvidia's earnings report, with the Nasdaq down over 1%, dragging down the tech sector, as market concerns over AI capital expenditure returns and narrowing moats dominated; oil prices surged and then fell due to positive developments in US-Iran talks, while precious metals maintained resilience under tariff uncertainties; the dollar showed slight fluctuations reflecting the tug-of-war between risk appetite and policy expectations. Analysts from Goldman Sachs and other investment banks pointed out that while short-term tech valuation pressure remains, long-term AI demand is unchanged, recommending to accumulate semiconductor and software leaders on dips, while also paying attention to gold as a hedge against trade frictions, maintaining an overall neutral to slightly cautious allocation.

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