Bitget UEX Daily Report | Gold and silver stop falling and warm up; SpaceX acquires xAI; Palantir's revenue surges (February 3, 2026)

# 1. Hot News

Federal Reserve Dynamics

Waller's Nomination May Stabilize Market Sentiment

• Morgan Stanley strategists indicate that Waller's nomination as a hawkish candidate is expected to ease concerns over the rapid depreciation of the dollar.
• His appointment may strengthen the credibility of the Federal Reserve and curb the recent overheating in precious metals.
• This move could support the stabilization of the dollar, weakening the upward momentum of gold and silver in the short term, but it may help with debt management strategies in the long term.

International Commodities

Gold and Silver Prices Stabilize

• Spot silver rose over 4% during the day, while gold rebounded by 2.55%, returning above $4,770, ending three consecutive days of decline.
• This is due to a slight easing of market concerns over dollar depreciation, with investors taking profits and repositioning.
• This rebound may boost sentiment for related assets, but if the Federal Reserve shifts to a hawkish policy, the upward momentum may be limited.

Trump Plans to Invest $12 Billion in Key Mineral Reserves

• Launching the "Project Vault" plan, establishing a commercial inventory mechanism through $10 billion in loans and $1.67 billion in private funds.
• Targeting industries such as automotive and technology, similar to oil reserves, aimed at buffering supply chain risks.
• This move strengthens national industrial security and may stimulate demand for minerals, driving structural adjustments in the commodities market.

Macroeconomic Policy

Non-Farm Payroll Report Delayed

• Due to the federal government shutdown, the U.S. Labor Department has postponed the January employment report and December job vacancy data.
• Trump is collaborating with the House Speaker to push for a funding agreement; the Senate has passed the plan, and the House is expected to end the shutdown on Tuesday.
• The delay may exacerbate market uncertainty, affecting investors' judgments on economic recovery.

U.S.-India Trade Agreement Reached

• Trump announced an agreement with Modi, reducing U.S. tariffs on India to 18%, with India correspondingly lowering barriers and increasing purchases of $500 billion in U.S. products.
• Modi agreed to stop purchasing Russian oil and shift to U.S. and Venezuelan energy supplies.
• This agreement may alleviate trade friction and enhance global supply chain stability, but attention is needed on the execution details and their ripple effects on the energy market.

U.S. January ISM Manufacturing PMI Exceeds Expectations

• The index rose to 52.6, higher than the expected 48.5, driven by growth in new orders and output, with the employment index reaching a one-year high.
• The price index reached a four-month high, indicating accelerated expansion in manufacturing.
• This data reflects economic resilience and may support the Federal Reserve's policy flexibility, boosting confidence in the stock market.

# 2. Market Review

Commodity and Forex Performance

• Spot Gold: Up 3.13% + rebounded above $4,800/ounce
• Spot Silver: Up 4.69% + rebounded above $82/ounce, showing strong characteristics during the day
• WIT Crude Oil: Down 0.26% +
• Dollar Index: Down 0.12% + to 97.499, slightly retracing during the rise

Cryptocurrency Performance

• BTC: Up 1.34% +
• ETH: Up 2.05% +
• Total Cryptocurrency Market Cap: Up 1.5% + to $2.73 trillion
• Market Liquidation Situation: Long liquidations of $339 million / Short liquidations of $234 million, total liquidations of $574 million

U.S. Stock Index Performance

• Dow Jones: Up 1.05% + strong consecutive rebounds
• S&P 500: Up 0.54% + opened low and rose close to new highs
• Nasdaq: Up 0.56% + storage sector driving tech stocks

Tech Giants Dynamics

• NVIDIA: Down 2.89%
• Google-A: Up 1.68%
• Apple: Up 4.06%
• Microsoft: Down 1.61%
• Amazon: Up 1.53%
• Meta: Down 1.41%
• Tesla: Down 2% Overall rise and fall core reason: strong storage demand boosts some stocks, but concerns over AI chips and overall market volatility lead to differentiation.

Sector Movement Observation

Storage Sector rose over 6%

• Representative stocks: SanDisk rose 15.44%, Micron Technology rose 5.52%
• Driving factors: Recovery in data center demand and supply chain optimization, driving a collective strength in semiconductor-related stocks.

# 3. In-Depth Stock Analysis

1. Palantir - Q4 Revenue Exceeds Expectations

Event Overview: Palantir's Q4 revenue reached $1.41 billion, a 70% year-on-year increase, with both government and commercial businesses exceeding expectations; adjusted EPS was $0.25, higher than the expected $0.23. Q1 guidance is $1.532-1.536 billion, and full-year guidance is $7.182-7.198 billion, far exceeding market estimates. The stock price rose 8% in after-hours trading but faced ongoing issues with government contracts and high valuations. Market Interpretation: Institutional views are divided; Goldman Sachs is optimistic about AI data analysis potential, while Morgan Stanley warns of valuation bubbles and immigration contract risks. Investment Insight: Short-term benefits from raised guidance, but policy uncertainties should be monitored.

2. NXP - Q4 Revenue Exceeds Expectations but Automotive Business Weak

Event Overview: NXP's Q4 revenue was $3.34 billion, with EPS of $3.35, both exceeding expectations; the Q1 guidance median is above market expectations. However, automotive business revenue fell short of forecasts, raising concerns about recovery, and the stock price fell over 5% in after-hours trading. Market Interpretation: Analysts believe semiconductor demand is strong, but Barclays points out that high inventory of automotive chips may drag down short-term performance. Investment Insight: Long-term benefits from electrification trends, but short-term observation of inventory adjustments is advisable.

3. Oracle - Launching $25 Billion Bond Issuance

Event Overview: Oracle is issuing $25 billion in bonds, divided into eight parts, led by Goldman Sachs, for investment in AI cloud infrastructure. The stock initially rose 4% but then turned down, highlighting market caution towards heavy asset strategies. Market Interpretation: Citi is optimistic about cloud transformation potential, but UBS is concerned about the debt burden increasing financial pressure. Investment Insight: AI demand may drive growth, but monitoring the interest rate environment is necessary.

4. Snowflake - $200 Million Partnership with OpenAI

Event Overview: Snowflake has partnered with OpenAI for $200 million to integrate AI models into its cloud platform, supporting natural language data queries and enhancing enterprise AI application efficiency. Market Interpretation: Institutions are generally optimistic; JPMorgan believes this move strengthens data cloud competitiveness, but competition intensifies. Investment Insight: The partnership enhances long-term competitiveness, suitable for investors focusing on the AI ecosystem.

5. Disney - Q1 Revenue Up 5% but Net Profit Declines

Event Overview: Disney's Q1 revenue for fiscal year 2026 was $25.98 billion, up 5%, while net profit was $2.4 billion, down 6%; growth was driven by the experience segment, while entertainment and sports profits fell by 35% and 23%, respectively, with cash flow impacted by taxes and content investments. Market Interpretation: Analysts point to subscription pressures and weak advertising, but Goldman Sachs is optimistic about theme park recovery. Investment Insight: Diversified business provides a buffer; attention should be paid to content renewal risks.

# 4. Cryptocurrency Project Dynamics

1. Galaxy Digital: Bitcoin may test the 200-week moving average at $58,000 within a few months.

2. U.S. prosecutors accuse the stablecoin bill of allowing crypto companies to profit from fraud.

3. Hyperliquid announces that HyperCore will support "result trading" (HIP-4).

4. Strategy's BTC holdings have an unrealized profit of $1.333 billion, while BitMine's ETH holdings have an unrealized loss of $6.5 billion.

5. Bernstein: The short-term crypto bear market may reverse within 2026, with Bitcoin potentially bottoming in the $60,000 range.

# 5. Today's Market Calendar

Data Release Schedule

Important Event Forecasts

• Australia Interest Rate Decision: 02:30 - Watch for whether to maintain an accommodative policy.
• U.S. Job Vacancy Data: 09:00 - Assess the tightness of the labor market.

Bitget Research Institute Views:

The rebound in U.S. stocks is attributed to the ISM manufacturing PMI exceeding expectations, boosting the industrial and financial sectors, but the continued decline in precious metals reflects that Waller's nomination has eased fears of depreciation, putting short-term pressure on gold and silver under hawkish expectations. The sharp drop of 4.71% in crude oil is due to eased geopolitical risks from Iran negotiations, and the dollar's slight drop of 0.1% indicates ongoing policy uncertainty. Goldman Sachs is optimistic about stock market resilience, but Morgan Stanley warns of increased volatility, suggesting attention to interest rate paths; Barclays expects oil prices to rebound after bottoming out, and overall risk assets should be cautious of deleveraging.

Disclaimer: The above content is compiled by AI search, with human verification for publication, and is not intended as any investment advice.