Chip stocks opened sharply higher this week, helping the U.S. stock market largely continue the gains from last weekend. Following record quarterly revenue announced by Taiwan's Foxconn, global semiconductor stocks rose broadly.
The Nasdaq led the gains, rising 1.2%, while the S&P 500 increased by 0.6%. The Dow gave back early gains, closing down 26 points, a decrease of 0.1%.
Nvidia's stock price continued its upward trend on Monday, reflecting the strong momentum of AI chip stocks so far this year. According to Dow Jones market data, Nvidia's stock price rose 3.4% on Monday. Although chip stocks lost some momentum at the end of last year, they started strong in 2025, and this week could be bustling for the industry.
The market performance over the past month, along with Monday's trading, highlights the critical role of large tech stocks in supporting the market while other stocks declined. The excellent performance of large tech stocks is also reflected in earnings revisions.
The market continues to see a steady influx of institutional buying power. Institutional participation is just the beginning; Bitcoin at 150,000-180,000, or even higher, is not a dream. Hold on to your chips tightly and don’t let go easily. If under pressure, reduce leverage or even eliminate it.
MicroStrategy purchased about 1,070 bitcoins at an average price of approximately $94,000. Other listed companies and large enterprises that mimic MicroStrategy will also buy Bitcoin as reserves, to preserve value and maintain purchasing power.
New accounting standards will take effect on 25/12/2024, requiring cryptocurrencies to be measured at their current fair market value and reported directly in the company's net income. Most companies will issue quarterly financial reports; in this case, the value of the company's current cryptocurrency holdings will be updated quarterly.
BTC has once again risen above 100,000, showing resilience supported by multiple institutions and forces. In 2025, a new narrative will emerge. The outlook for BTC will become clearer and more optimistic. In January, BTC will be a good entry point, along with altcoins, and one should not hesitate to enter in batches. The last wave of entry opportunities and timing is becoming increasingly scarce. In the first quarter, BTC and ETH will not disappoint those holding onto their coins waiting for an increase. Altcoins will also see another rise and explosion.