Bitget UEX Daily Report | Gold and silver rebound, gold returns to 5000; Nikkei hits all-time high; US cuts tariffs on India to 18% (February 9, 2026)

# 1. Hot News

Federal Reserve Dynamics

Bank of America Hartnett: Small-cap stocks are more worth betting on than tech stocks, tech giants are no longer winners

• Institutions point out that 2025-2026 marks the end of the "American exceptionalism," and global rebalancing begins.
• Key points: Winners shift towards international stocks, Chinese consumer stocks, and emerging market commodity producers; the dominance of tech stocks weakens.
• Market impact: This may trigger a flow of funds out of tech giants, pushing the market towards value stocks and small-cap stocks, increasing overall volatility.

Goldman Sachs Interpretation: Software sector still under short-term valuation pressure, bear market risks may be delayed rather than eliminated

• Last week's Anthropic update triggered a sharp decline in software stocks, and Goldman Sachs believes there are two major controversies in the AI-SaaS field.
• Key points: The competitiveness of traditional software companies is in doubt; future profits may flow to efficient AI orchestration companies; sentiment needs to stabilize for 2-3 quarters.
• Market impact: Software sector valuations are under pressure, which may delay the arrival of a bear market; investors need to focus on fundamental support to hedge risks.

International Commodities

Gold, silver, and copper are expected to "consolidate" in the coming weeks, JPMorgan: This is just a bull market consolidation, copper may rebound first in the second quarter

• Reports indicate that metals like gold, silver, and copper are entering a consolidation phase, but this does not signify the end of the bull market.
• Key points: Spot gold returns above $5,000, rising over 1.5% in a day; spot silver briefly surpasses $80, up 2.55%; copper fundamentals remain solid, supported by global manufacturing.
• Market impact: High probability of rebound after short-term adjustments, favorable for commodity-related assets, but caution is needed regarding the risk of amplified global volatility.

China's central bank gold reserves increase for the fifteenth consecutive month, adding 40,000 ounces month-on-month in January, with an accelerated pace of accumulation

• As of the end of January, gold reserves stood at 74.19 million ounces, with foreign exchange reserves at $339.91 billion, a month-on-month increase of 1.23%.
• Key points: Continuous accumulation for 15 months; foreign exchange reserves increased by $41.2 billion; reflects global central bank allocation trends.
• Market impact: Strengthens the demand base for gold, constraining the space for gold price corrections, and promoting long-term stability in precious metals.

Macroeconomic Policy

US and India reach a temporary trade framework: tariffs on India reduced to 18%, India commits to purchasing $500 billion of US products over five years

• The agreement includes India's procurement of goods from the US in energy, aviation, and AI chips, and opens up markets for industrial and agricultural products.
• Key points: The US cancels a 25% punitive tariff but imposes an 18% reciprocal tariff; India halts imports of Russian oil under US supervision.
• Market impact: Eases trade tensions and promotes the reshaping of global supply chains, but geopolitical factors may increase uncertainty, benefiting related export stocks.

Asia-Pacific stock markets soar across the board, Nikkei 225 hits a historic high

• Japanese and Korean stocks surged at the open, with the Nikkei 225 rising over 5% to surpass 57,000 points, and the Korean Composite Index up over 4%.
• Key points: Japan's ruling party won a supermajority in elections; Samsung Electronics and SK Hynix rose over 6%.
• Market impact: Political stability boosts investor confidence, driving capital inflows into the Asia-Pacific region, but global risk transmission needs to be monitored.

# 2. Market Review

Commodity & Forex Performance

• Spot Gold: Up over 1.07% + Continuing rebound, returning above $5,000
• Spot Silver: Up 2.45% + Briefly surpassing $80, with significant volatility
• WTI Crude Oil: Down 0.63% + Supply concerns and easing geopolitical risks from Iran negotiations
• US Dollar Index: Down 0.14% + Institutional rebalancing and easing geopolitical pressures

Cryptocurrency Performance

• BTC: Up 1.96% + Stabilizing in the mid-$70,000 range after a rebound
• ETH: Up 0.07% + Slight recovery following the market, with reduced volatility
• Total Cryptocurrency Market Cap: Up 0.7% + Driven by a rebound in risk appetite
• Market Liquidation Situation: Total liquidation of $333 million + Mainly dominated by $234 million in short liquidations

US Stock Index Performance

• Dow Jones: Up 2.47% + First time ever surpassing 50,000 points, continuing to rebound
• S&P 500: Up 1.97% + Largest single-day increase since May last year, holding steady at key levels
• Nasdaq: Up 2.18% + Driven by a rebound in the tech sector, ending three days of selling

Tech Giants Dynamics

• NVDA: +7.87%, leading the rebound
• AAPL: +0.8%, slight recovery
• GOOGL: -2.53%, under pressure
• MSFT: +1.9%, steadily rising
• AMZN: -5.55%, plummeting after earnings report
• META: -1.31%, slight adjustment
• TSLA: +3.5%, following the recovery. Overall, the performance of tech giants is mixed, mainly driven by rebounds after sell-offs, with NVDA's market value surging over $320 billion, while AMZN and others are weighed down by concerns over capital expenditures.

Sector Movement Observation

Semiconductor Sector up 6.47%

• Representative stocks: TSMC, +5.48%; Broadcom, +7.22%
• Driving factors: Recovery in AI demand and stable supply chains boost chip stocks

Storage Chip Sector Movement

• Representative stocks: Micron Technology, +3.08%; Samsung Electronics and SK Hynix up over 6%
• Driving factors: Suppliers dominate new contract models, market tilt favors storage giants

Cryptocurrency Concept Stocks up 17.64%

• Representative stocks: MSTR, +26.11%; BMNR, +17.64%
• Driving factors: Bitcoin rebounds nearly 12%, stimulating related holdings to rise

# 3. In-depth Stock Analysis

1. Tesla - Expanding solar cell manufacturing with plans for multiple state factories Event Overview: Tesla is evaluating locations across the US, planning to achieve an annual solar manufacturing capacity of 100 gigawatts within three years, including expanding the Buffalo factory in New York to 10 gigawatts and considering new factories in New York, Arizona, and Idaho, aimed at strengthening its renewable energy business. Market Interpretation: Institutions believe this strategic expansion will enhance the company's competitiveness in the new energy sector, but attention is needed on supply chain and policy support. Investment Insight: Long-term positive for new energy transformation, but short-term caution is needed regarding capital expenditure pressures.
2. Amazon - Major AI investment draws market attention to balance sheet Event Overview: As the AI infrastructure race deepens, Amazon, Google, and Meta face risks of depleting free cash flow, with total capital expenditures for the four major cloud giants expected to reach $645 billion in 2026, a 56% year-on-year increase, with an additional $230 billion in spending. Market Interpretation: A JPMorgan report points out that this move may overdraw cash flow, and investors need to closely monitor the health of the balance sheet in 2026. Investment Insight: AI growth potential is significant, but balancing liabilities is key to avoiding excessive expansion risks.
3. Stellantis - "Electrification" dreams shattered with a €22.2 billion loss provision Event Overview: European automotive giant Stellantis plans to restructure its business, fully retracting its electric vehicle scale, leading to a €22.2 billion loss, with US stocks closing down 23.69% on Friday. Market Interpretation: Analysts believe the EV transition is encountering obstacles, reflecting industry cost pressures and weak demand. Investment Insight: Short-term stock price pressure, suggesting attention to restructuring progress to assess recovery potential.
4. Anthropic - New round of financing expected to double valuation to $350 billion Event Overview: AI startup Anthropic is entering the final stage of large-scale financing, with the scale exceeding $20 billion, and its valuation may reach $350 billion, receiving over $1 billion commitments from Coatue, GIC, and Iconiq, with Nvidia and Microsoft each investing up to $15 billion. Market Interpretation: Investor demand exceeds expectations, highlighting enthusiasm for AI ecosystem layout, with valuation nearly doubling from the last round. Investment Insight: The AI boom continues, with related industry chains benefiting significantly.
5. Jinglin Asset - Reduced holdings in Nvidia while increasing positions in Google, Meta, and Pinduoduo in Q4 Event Overview: Jinglin Asset's 13F filing shows a US stock holding value of $4.045 billion, with a reduction of 1.54 million shares in Nvidia (over 60%), a reduction of 229,000 shares in Meta, and an increase of 929,000 shares in Google Class A and 611,000 shares in Pinduoduo. Market Interpretation: Institutions are shifting towards diversification, reducing exposure to tech giants. Investment Insight: Reflects a market style switch, suggesting attention to opportunities in emerging consumer stocks.

# 4. Cryptocurrency Project Dynamics

1. Bitcoin stabilizes in the mid-$70,000 range, with the total market cap recovering to $2.6 trillion.
2. Eugene: $60,000 may become a support level for Bitcoin, prioritizing survival in a bear market, with strict stop-loss measures needed for trading.
3. Michael Saylor releases Bitcoin Tracker information again, with potential disclosure of increased holdings this week.
4. Data: Tokens like CONX, AVAX, and APT will see significant unlocks next week, with CONX unlock valued at approximately $15.6 million.
5. Arthur Hayes bets that HYPE will outperform all "shitcoins" with a market cap over $1 billion in the next six months.

# 5. Today's Market Calendar

Data Release Schedule

Important Event Forecast

• Federal Reserve Officials' Speeches: 10:50 AM - Monetary policy views
• Treasury Auction: 10:30 AM - 13-week and 26-week bill auction

Bitget Research Institute Views:

The divergence in US stocks has intensified, with the Dow hitting a new high of 50,000 reflecting resilience, but the Nasdaq's nearly 1.9% weekly drop highlights valuation pressures in tech; precious metals rebound strongly, supported by a weaker dollar and easing geopolitical tensions, but caution is needed regarding amplified volatility; crude oil fell 0.79% to $63, pressured by oversupply and Iranian negotiations; the forex market saw the dollar index retreat 0.28%, driven by institutional rebalancing, with expected rising volatility, suggesting attention to Federal Reserve signals and geopolitical dynamics.

Disclaimer: The above content is organized by AI search, with human verification for publication, and should not be considered as any investment advice.