Bitget UEX Daily | US Stocks Rally Broadly, Gold & Silver Hit Records; Alibaba Chip Unit Reorg Eyes IPO; Intel Guidance Falls Short (Jan 23, 2026)

I. Hot News

Federal Reserve Dynamics

Fed's Policy Meeting Next Week Expected to Maintain Interest Rates Unchanged

• Core Event: The Federal Reserve has implemented three consecutive rate cuts in 2025, and the current market consensus expects the meeting next week to keep the status quo to assess the effects of previous easing measures.
• Key Points: Futures traders anticipate at most two rate cuts in 2026; need to balance inflation pressures, geopolitical uncertainties, and economic resilience.
• Market Impact: This expectation helps stabilize investor confidence, but it also means limited room for further stimulus in the short term, potentially restricting excessive optimism in risk assets.

International Commodities

Precious Metals Strongly Rebound to Record Highs

• Core Event: Influenced by strong economic data and easing geopolitical risks, spot gold, silver, and platinum prices have risen significantly.
• Key Points: Spot gold rose 1.8%, breaking the $4,900 mark for the first time; New York silver futures rose 4%, and spot platinum rose over 6.3%, both setting new records; U.S. Aluminum's Q4 revenue was $3.45 billion, adjusted EPS $1.26, both exceeding expectations; Minmetals Resources' 2025 copper production reached 507,000 tons, up 27% year-over-year.
• Market Impact: Strengthens the bullish atmosphere in the commodity market, benefiting mining and related industry chain companies, but beware of callback risks from supply fluctuations.

Macroeconomic Policies

U.S. PCE Inflation Data Meets Expectations, Trump's Tariff Threats Subside

• Core Event: The U.S. November PCE price index rose slightly but did not exceed expectations, while Trump withdrew tariff threats against Europe, warming transatlantic trade relations.
• Key Points: Overall PCE up 2.8% YoY, 0.2% MoM; Core PCE up 2.8% YoY, 0.2% MoM; European Parliament plans to restart review of U.S.-EU trade agreement, Greenland Prime Minister emphasizes sovereignty baseline.
• Market Impact: Inflation data supports the Fed's cautious stance, geopolitical easing boosts global trade sentiment, potentially further stimulating risk asset recovery, but divergences remain with potential uncertainties.

II. Market Review

• Spot Gold: Continuous strong breakthrough to historical highs, first highlighting the $4,900 mark.
• Spot Silver: Price breaks new highs, setting new records, driven by strong demand.
• WTI Crude Oil: driving factors include geopolitical easing and supply expectations.
• U.S. Dollar Index: No significant fluctuations, driving factors are inflation data and Fed expectations.

US Stock Index Performance

• Dow Jones: Up 0.63%, extending the previous day's gains, supported by broad market rally.
• S&P 500: Up 0.55%, key feature is overall upward movement, economic data boosts confidence.
• Nasdaq: Up 0.91%, sector driving factors mainly from collective rebound in tech stocks.

Tech Giants Dynamics

• Apple: Up 0.28%, stock price slightly rises, mainly boosted by internal leadership adjustments.
• Microsoft: Up 1.58%, steady upward performance, benefiting from overall tech stock rebound and sustained strength in cloud computing business.
• Google: Up 0.66%, moderate rise, core momentum from resilience in search and advertising business, as well as AI layout.
• Amazon: Up 1.31%, stock price moderately higher, mainly due to seasonal demand recovery in e-commerce and AWS cloud services.
• Meta: Up 5.66%, leading the tech giants with significant gains, mainly from potential recovery signals in social media and metaverse business.
• NVIDIA: Up 0.83%, slight climb, benefiting from structural support in semiconductor and AI chip demand.
• Tesla: Up 4.15%, prominent gains, catalyzed by CEO Elon Musk's optimistic remarks at the Davos World Economic Forum.

Strong economic data combined with easing geopolitical tensions, overall risk appetite recovery, driving broad gains in tech stocks, with Musk's remarks further catalyzing EV and AI concepts.

Sector Movements Observation

Rare Earth Concept Stocks Up 13.6%

• Representative Stocks: Critical Metals up 20.89%, USA Rare Earth up 17.49%.
• Driving Factors: Global supply chain demand recovery and strategic metal reserve expectations, driving explosive rebound in the sector.

III. In-depth Stock Analysis

1. Alibaba - Plans to Spin Off T-Head for Listing

Event Overview: Alibaba plans to reorganize its AI chip division T-Head into an independent entity, introducing employee stock ownership model to explore future IPO. Established in 2018, the division focuses on AI accelerators and other areas, aiming to capitalize on the global AI chip competition boom, with expected listing time possibly in late 2026 or early 2027, potential venues being Hong Kong or Shanghai STAR Market. Market Interpretation: Institutional views believe this reorganization helps Alibaba focus on high-growth hardware business, enhancing competitiveness in semiconductors against giants like NVIDIA. Investment Insights: Short-term positive for Alibaba stock rebound, suggest paying attention to chip and AI-themed funds.

2. Intel - Q1 Guidance Underperforms, Triggering Sharp After-Hours Drop

Event Overview: Intel's Q4 revenue $13.7 billion, adjusted EPS $0.15, both exceeding expectations, but Q1 revenue guidance $11.7-12.7 billion, adjusted EPS $0, below market expectations of $12.6 billion and $0.08. The company attributes the softening to supply chain constraints, most severe in Q1, but expects gradual improvement from Q2, leading to over 11% after-hours drop. Market Interpretation: Analysts point out short-term supply bottlenecks expose demand-supply imbalance, but full-year outlook improves, with some institutions maintaining buy ratings. Investment Insights: Increased stock volatility, suitable for short-term avoidance, long-term investors can wait for supply recovery.

3. Tesla - Musk Outlines AI and Robotics Blueprint at Davos

Event Overview: Tesla CEO Musk stated at the Davos forum that humanoid robot Optimus will be publicly available as early as late next year, already testing complex tasks in factories; Robotaxi autonomous driving service to be massively deployed in the U.S. this year without safety drivers; AI expected to surpass human intelligence by year-end, SpaceX Starship rocket achieves full reusability. Remarks drove intraday stock rise over 4%. Market Interpretation: Institutions are optimistic about Tesla's leading edge in robotics and autonomous driving, seeing it as key to AI ecosystem expansion. Investment Insights: Strengthens investment value in automation themes, suggest allocating to related tech ETFs.

4. Apple - Expanding Hardware Chief's Authority Signals Succession

Event Overview: Apple incorporates design team responsibilities under hardware engineering SVP John Ternus, previously handled by veteran leaders. This adjustment occurs as CEO Cook turns 65, consolidating Ternus as a potential successor, emphasizing core role of product appearance and experience. Market Interpretation: Analysts view it as positive preparation for smooth leadership transition, helping maintain innovation continuity. Investment Insights: Enhances Apple's long-term stability, suitable for value investors to hold.

5. U.S. Aluminum - Q4 Earnings Exceed Expectations

Event Overview: U.S. Aluminum's Q4 revenue $3.45 billion, adjusted EBITDA $546 million, EPS $1.26, all surpassing market consensus; expects 2026 alumina shipments 11.8-12 million tons, aluminum shipments 2.6-2.8 million tons. Aluminum price rise boosts profits, after-hours once up over 5% before pulling back. Market Interpretation: Institutions believe benefiting from commodity cycle recovery, optimistic profit prospects. Investment Insights: Pay attention to commodity price linkages, suitable for cyclical stock allocation.

IV. Today's Market Calendar

Data Release Schedule

Important Events Preview

• Bank of Japan Interest Rate Decision: Time TBD - Focus on economic outlook report and potential policy adjustments.
• Bank of Japan Governor Kazuo Ueda Monetary Policy Press Conference: 14:30 - Interpret interest rate decision and future guidance.
• Ericsson, Schlumberger, Union Bank Earnings Releases: U.S. Pre-Market - Tech and energy stock earnings performance.
• World Economic Forum Global Economic Prospects Discussion: 18:00 - Focus on geopolitical and macroeconomic risks.

Bitget Research Institute Views:

We continue to be optimistic about precious metals prospects, driven by strong central bank purchases, AI industrial demand, and dollar weakening; expect U.S. stocks to achieve double-digit growth, with AI super cycle supporting 13-15% earnings, but beware of inflation rebound and geopolitical risks, suggest diversified allocation to hard assets.

Disclaimer: The above content is compiled by AI search and manually verified for publication only, not as any investment advice.