Bitget UEX Daily Report | Trump does not rule out sending troops to Iran; Iran closes the Strait of Hormuz causing oil prices to soar; drone and space stocks rise collectively (March 3, 2026)

# 1. Hot News

Federal Reserve Dynamics

Yellen says Iran conflict makes Fed less willing to cut rates

Former Federal Reserve Chair Yellen pointed out that the impact of the Iran conflict on the oil market will determine the extent of economic growth damage and inflationary pressures, complicating Fed policy-making.

• The inflation rate is already about 1 percentage point above the target, with tariff policies contributing nearly 0.5 points; a significant rise in oil prices may prolong high levels or continue to increase.
• Market impact: The Fed's room for action is reduced in the short term, leading investors to lower rate cut expectations, which may result in a rebound in bond yields and suppress a stock market recovery.

International Commodities

Iran claims closure of the Strait of Hormuz leads to the largest oil price increase since June last year

An advisor to the Iranian Revolutionary Guard stated that the Strait of Hormuz is closed and will strike any vessels attempting to pass through; the U.S. denies this claim and indicates no signs of patrols or mine-laying.

• The UAE and Qatar privately urged allies to convince Trump to limit military actions and seek diplomatic solutions; the U.S. Secretary of State stated measures to alleviate rising energy prices will be announced, with the closure of oil and gas facilities exacerbating shipping disruptions.
• Market impact: Soaring energy prices amplify global inflation risks, supporting energy stocks, but if the conflict persists, it may dampen economic growth expectations and affect supply chains.

Macroeconomic Policy

U.S. Appeals Court rejects Trump administration's request for tariff refund extension

The Federal Circuit Court denied the Justice Department's request for an additional 90-day buffer period, initiating the legal process for tariff refunds and clearing obstacles from lower courts.

• The Supreme Court has ruled that most tariffs are invalid, with hundreds of new company lawsuits, totaling over 2,000 cases; the refund process is expected to take several years to complete.
• Market impact: The return of corporate funds could alleviate trade pressures and stimulate investment, but may increase administrative uncertainty in the short term, potentially intertwining with the Iran conflict to affect global trade patterns.

# 2. Market Review

Commodity & Forex Performance

• Spot Gold: Up 0.6% + to $5,353/oz, marking five consecutive weeks of gains, driven by geopolitical tensions between the U.S. and Iran, boosting safe-haven sentiment.
• Spot Silver: Up 1.95% + breaking the $90 mark, with the silver-gold ratio tending to normalize.
• WIT Crude Oil: Up 0.25% + to $71.4/barrel, driven by geopolitical conflict, achieving the largest single-day increase since June last year.
• U.S. Dollar Index: Up 0.02% + to 98.532, supported by safe-haven demand, suppressing emerging market currencies.

Cryptocurrency Performance

• BTC: Up 3.62% + rebounding continuously, slightly retreating after breaking the $70,000 mark.
• ETH: Up 3.55% + to $2,030.
• Total Cryptocurrency Market Cap: Up about 2.7% + to $2.43 trillion, with geopolitical tensions boosting demand for safe-haven alternatives.
• Market Liquidation Situation: Long positions liquidated $132 million, short positions liquidated $212 million + total liquidation $344 million.

U.S. Stock Index Performance

• Dow Jones: Down 0.15% + continuing to adjust, dragged down by energy inflation concerns.
• S&P 500: Up 0.04% + supported by technology and energy stocks, with overall limited volatility.
• Nasdaq: Up 0.36% + driven by AI and defense sectors, offsetting some geopolitical pressures.

Tech Giants Dynamics

• Microsoft (MSFT): Up over 1%, benefiting from demand for AI infrastructure.
• Apple (AAPL): Slightly up 0.2%, with new product launches boosting mid-range market expectations.
• NVIDIA (NVDA): Up nearly 3%, with investments in optical communication reinforcing AI leadership.
• Amazon (AMZN): Down 0.77%, with the e-commerce sector affected by inflation expectations.
• Google (GOOG): Down 1.68%, with intensified competition in search business.
• Meta (META): Up 0.83%, with stable traffic on social platforms.
• Tesla (TSLA): Slightly up 0.77%, with the electric vehicle supply chain showing relative resilience.

Overall, the performance of tech giants is mixed, with AI and defense-related stocks favored amid the Iran conflict, while consumer-oriented stocks are under pressure, mainly due to intertwined inflation concerns and geopolitical risks.

Sector Movement Observation

Oil and Gas Exploration and Development up about 4%

• Representative stocks: Trio Petroleum up 167%, Battalion Oil up 114%.
• Driving factors: The Iran conflict raises oil price expectations, stimulating exploration demand.

Cryptocurrency Concept Stocks up over 5%

• Representative stocks: Coinbase up over 5%, MARA Holdings up over 5%.
• Driving factors: The rebound in the cryptocurrency market shifts safe-haven sentiment towards digital assets.

Space Concept up nearly 6%

• Representative stocks: AST SpaceMobile up nearly 10%, Northrop Grumman up over 6%.
• Driving factors: Increased expectations for defense orders amplify satellite demand amid geopolitical tensions.

Drone Concept Stocks up about 5%

• Representative stocks: Red Cat Holdings up over 17%, Ondas up nearly 6%.
• Driving factors: Escalating conflicts enhance prospects for defense technology applications.

Rare Earth Concept up over 8%

• Representative stocks: United States Antimony up over 19%, USA Rare Earth up over 10%.
• Driving factors: Concerns over supply chain disruptions highlight the importance of strategic resources.

# 3. In-Depth Stock Analysis

1. NVIDIA - Invests $4 billion strategically in optical communication field

Event Overview: NVIDIA has signed a multi-year cooperation agreement with Lumentum and Coherent, each investing $2 billion, totaling $4 billion, for the research and manufacturing of advanced optical technologies, aimed at accelerating the scaling of AI infrastructure and supporting the construction of gigawatt-level AI computing factories. CEO Jensen Huang emphasized that this move will drive breakthroughs in silicon photonics technology, enhancing the speed and efficiency of AI computing. Market Interpretation: Institutional views suggest that this investment solidifies NVIDIA's dominant position in the AI field, with Wall Street analysts raising target prices, expecting to drive revenue growth of over 20%, but cautioning against supply chain dependency risks. Investment Insight: Strong demand for AI continues; long-term holding is recommended with a focus on technological implementation; short-term stock prices may benefit from the expansion of military AI applications.

2. Apple - Launches iPhone 17e and new iPad Air targeting the mid-range

Event Overview: Apple has released the iPhone 17e (A19 chip, 256GB storage, single camera 60Hz screen) and M4 chip iPad Air (30% performance improvement) at unchanged prices, available from March 11; in the fall, the iPhone 18 series and the first foldable iPhone will be launched, the latter seen as a key hardware focus for the year, aimed at solidifying market share and exploring new growth points. Market Interpretation: Analysts state that the mid-range positioning helps combat Android competition, but lack of innovation may limit premium pricing; institutions are optimistic about the potential of foldable screens, expecting a 10% revenue contribution. Investment Insight: A rebound in sales can support stock prices; attention should be paid to supply chain stability and consumer recovery.

3. AST SpaceMobile - Q4 revenue skyrockets over 27 times year-on-year

Event Overview: The company's fourth-quarter revenue reached $54.31 million, up over 2,700% from $1.92 million in the same period last year; the full-year expectation for 2025 is $70.9 million, mainly driven by collaborations with mobile operators and governments; net losses widened to $73.97 million due to increased R&D investments. Market Interpretation: Institutions are optimistic about the prospects of satellite communications; Morgan Stanley upgraded its rating, stating that the conflict environment amplifies defense applications, but the profitability path still needs verification. Investment Insight: The space sector benefits from geopolitical events, with high growth potential but strong volatility, suitable for risk-tolerant investors.

4. MongoDB - Q4 revenue grows 27% but plummets in after-hours trading

Event Overview: In Q4 of fiscal year 2026, revenue reached $695.1 million, a 27% year-on-year increase; subscription revenue was $673.1 million, and service revenue was $22 million; adjusted EPS was $1.65, with a net profit of $15.53 million, but conservative guidance raised concerns. Market Interpretation: Analysts acknowledge strong growth, but declining profit margins and macro uncertainties led Wall Street to lower expectations, with after-hours stock prices dropping nearly 24%. Investment Insight: Demand for cloud databases remains robust; it is recommended to wait for a pullback to enter and focus on corporate digital transformation.

# 4. Cryptocurrency Project Dynamics

1. PayPay plans a Nasdaq IPO to raise $1.1 billion, holding a 40% stake in Binance Japan.

2. HyperLiquid becomes a retail bear market playground, with a surge in weekend trading activity.

3. Bitmine increases its ETH holdings to 4.47 million coins, spending $98 million.

4. Tether and Anchorage hire Deloitte to audit USDT reserves, with the first report released.

5. Strategy adds 3,015 BTC, bringing total holdings to 720,000 coins.

# 5. Today's Market Calendar

Data Release Schedule

Important Event Forecast

March 4 (Wednesday)
The U.S. will release February ADP employment numbers, S&P Global Services PMI final value, and February ISM Non-Manufacturing PMI;
NVIDIA CEO Jensen Huang will participate in a fireside chat at the Morgan Stanley TMT (Technology, Media, and Telecom) conference in San Francisco;
After hours: Chip giant Broadcom (AVGO) will release earnings; continuing discussions on AI investment trends in the U.S. market; (5 stars)
After hours: Cybersecurity stock (CrowdStrike) will release earnings.
March 5 (Thursday)
21:30 ET Initial jobless claims will be released, and at 3:00 AM ET, the Federal Reserve will publish the Beige Book on economic conditions.
March 6 (Friday)
21:30 ET February unemployment rate and seasonally adjusted non-farm payroll numbers will be released, with an expected addition of 60,000 jobs. (5 stars)
This week's core themes in the U.S. stock market revolve around the escalation of Middle Eastern conflicts, non-farm employment data, and earnings reports from tech stocks like Broadcom, with increased market volatility.

Institutional Views:

U.S. stocks are under short-term pressure from risk aversion triggered by the Iran conflict, with divergence between the Dow and Nasdaq highlighting defensive demand; precious metals gold and silver prices are supported by safe-haven demand, targeting $5,400 and $92 respectively; crude oil surged above $72 due to threats in the Strait of Hormuz, with expected increased volatility but limited supply disruption risks; the strengthening U.S. dollar index suppresses the euro and yen, with safe-haven flows dominating trends. Overall, the market needs to be wary of inflation rebounding, which may delay easing expectations.

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