On Thursday Eastern Time, the three major U.S. stock indices opened slightly higher with mixed performances. The Nasdaq and S&P 500 closed higher, while the Dow fell 0.07%.

Popular tech stocks were mixed: Meta closed up 3.4%, having surged over 7% pre-market and recording its largest intraday gain since July 31 during the session. According to reports from Cailian Press, the company plans to cut its metaverse project spending by up to 30%. Additionally, Nvidia rose over 2%, while Amazon and Apple fell over 1%.

U.S. computer hardware and chip stocks saw significant gains: SanDisk surged nearly 10%, Hut8 rose nearly 7%, Dell Technologies gained 4%, and HP increased nearly 3%. Since the fourth quarter of this year, the memory industry has experienced an epic price hike. Notably, SanDisk raised NAND flash contract prices by approximately 50% in early November, marking the largest single increase in NAND prices during this cycle.

Top-Gaining U.S. Computer Hardware Stocks

Chinese stocks were mixed, with the Nasdaq Golden Dragon China Index rising nearly 0.4%. Computer hardware stock ATRenew surged nearly 9%, Canadian Solar gained over 5%, NIO, EHang, and Hesai Technology rose over 4%, XPeng increased over 3%, while Baidu and Bilibili climbed over 1%. Daqo New Energy fell nearly 3%, BOSS Zhipin dropped over 2%, with Yum China, MINISO, and Qifu Technology declining over 1%.

International precious metals futures closed mixed: COMEX gold futures rose 0.13%, while COMEX silver futures fell 1.86%.

Cryptocurrencies collectively declined, with trading volumes generally falling. Bitcoin briefly fell below $91,000. As of 6:24 Beijing Time on December 5, it dropped 1.4% over the past 24 hours, with trading volume down 15%. Over 100,000 traders across the market were liquidated, with total liquidation amounts nearing $320 million.