Tonight's U.S. stock market opens 🔥

The technology sector collectively plunges, while commodities instead show independent trends.

The Nasdaq continues to decline, with chip stocks like NVDA, AMD, Micron, and Sandisk falling together, as high-position tech shares are actively taking profits. The core logic remains that geopolitical uncertainties have increased risk aversion, and the tech premium in U.S. stocks is too high, prompting funds to actively withdraw from high-volatility growth sectors and flow back into traditional safe-haven assets.

After funds exit tech stocks, they diverge: some go into gold and crude oil, resisting declines against the trend; a very small portion of short-term funds flow back into the crypto market; tech-related altcoins collectively underperform, with $SPCX , INJ, NEAR, and LIT all weakening across the board, completing a correction and recovery in tandem with the U.S. stock market.

Market performance is quite differentiated, with the Nasdaq's center of gravity shifting downward, AI chip stocks retreating from high levels, and previously strong tech targets cooling off collectively. The market style has shifted from "speculating on growth" to "speculating on safe havens."