US stocks resumed trading after the holiday, with the three major indices closing down 0.3-1.2%. The DJIA ended down 628 points, or 1.18%, at 52,786. The Nasdaq fell 85 points, or 0.32%, to end at 26,421. The S&P 500 dropped 45 points, or 0.58%, to settle at 7,673.

Chip stocks and AI infrastructure shares broadly bucked the market trend to ascend. Intel Corporation (INTC.US) surged more than 9%. QUALCOMM Incorporated (QCOM.US) spiked more than 3% after the company reached a data center infrastructure agreement with Amazon to jointly develop customized AI chips.

Advanced Micro Devices, Inc. (AMD.US) also rallied 5.9%. SK hynix Inc. (SKHY.US) swelled 4.8%. However, Micron Technology, Inc. (MU.US) dipped 1.6%, while NVIDIA Corporation (NVDA.US) also dropped 2%.

Among mega-cap tech stocks, Apple Inc. (AAPL.US) and Microsoft Corporation (MSFT.US) lost more than 1.2%, while Tesla, Inc. (TSLA.US) shot up nearly 4%.
~

AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
AMD (C)	11214	700 (-)	0.350	5.6 X
Nvidia (C)	11185	275 (-)	0.111	8.0 X
Nvidia (P)	11090	168 (-)	0.051	6.9 X
APPLE (C)	11132	300 (-)	0.330	11.8 X
APPLE (P)	11063	248 (-)	N/A	N/A
MSFT (C)	11136	450 (-)	0.960	5.8 X
MSFT (P)	11064	390 (-)	N/A	N/A
TSLA (P)	11135	330 (-)	0.335	4.9 X