On Tuesday, Eastern Time, the U.S. stock market opened high and fell, with the three major indexes rising and falling.
Market dynamics
As of the close, the Dow Jones Industrial Average rose 221.16 points, or 0.52%, to 42,518.28 points; the Nasdaq fell 43.71 points, or 0.23%, to 19,044.39 points; the S&P 500 rose 6.69 points, or 0.11%, to 5,842.91 points.
Hot stock performance
The seven major U.S. technology giants fell across the board, with Meta (META) down 2.3%, Tesla (TSLA) and Nvidia (NVDA) both down more than 1%, Google (GOOG) down 0.71%, Apple (AAPL) down 0.48%, Microsoft (MSFT) down 0.36%, and Amazon (AMZN) down 0.32%.
[Individual stock dynamics]
[Quantum computing progress boosts WiMi (WIMI) to soar 24.32%, developing a hybrid CPU-FPGA quantum artificial intelligence simulator]
As of press time, WiMi (WIMI), WiMi Hologram Cloud Inc. (NASDAQ: WIMI) stock price soared 24.32%, quoted at $1.38.
On the news front, after WiMi successfully developed a hybrid CPU chip-cloud computing-FPGA quantum artificial intelligence simulator, it directly drove the stock price up.
It is reported that quantum computing is a concept and technology system developed based on the principles of quantum mechanics. It has super-strong parallel computing capabilities that traditional computing does not have. Therefore, it has good application prospects in large-scale complex data processing, biological structure analysis, material gene design and other fields.
According to the data, as a cutting-edge technology “quantum computing concept stock”, WiMi actively explores the integrated computing system of quantum computing and artificial intelligence based on practical first, industrial collaboration and technology integration, in order to provide enterprises and quantum computing organizations with universal quantum computing cloud services and promote the rapid development of global quantum computing.
And WiMi’s development of the quantum artificial intelligence simulator is aimed at simulating the behavior of quantum computers, so that quantum algorithms can be tested and optimized on existing classical computers. Traditional simulators are usually limited by the computing power of the CPU, so it is difficult to handle large-scale quantum systems.
To overcome this limitation, WiMi adopts a hybrid CPU-FPGA approach, combining the versatility of the central processing unit (CPU) with the parallel processing power of the field programmable gate array (FPGA), which can be used by enterprises and research institutions to explore the potential of quantum algorithms and develop new AI applications.
The industry consensus is that quantum computing may be the “next major technological breakthrough”. Through the hybrid CPU-FPGA approach, WiMi is promoting the development of quantum artificial intelligence simulation technology and opening up new avenues for the integration of quantum computing and artificial intelligence.
Facing the future, with the continuous advancement of quantum computing technology, this simulator is expected to play a vital role in future quantum computing and artificial intelligence research. It can be said that the application of this innovative technology will accelerate the research of quantum algorithms and further promote the integration and progress of quantum computing and artificial intelligence technology.
[Meta (META) announced a 5% layoff]
Meta (META) announced that it will lay off about 5% of its employees, mainly targeting the company’s worst performers. The decision was notified to all employees by CEO Mark Zuckerberg through a memo on the company’s internal platform Workplace. Zuckerberg described 2025 as a “tense year” and emphasized the importance of improving performance management standards.
[UK regulators will investigate Google (GOOG) search services]
According to the new digital market competition system that will take effect on January 1, 2025, the UK Competition and Markets Authority (CMA) launched its first “Strategic Market Position” (SMS) designated investigation on January 14. The investigation will assess Google’s (GOOG) position in search and search advertising services, and the impact this has on consumers and businesses.
[Starbucks (SBUX) is no longer open to everyone: consumption is required to enter the store]
In order to improve the in-store environment, Starbucks (SBUX) has reportedly revoked its open policy that allowed everyone to enter the store. This month, Starbucks launched a new customer code of conduct in cafes across North America, aimed at protecting the personal safety of customers and employees and improving the experience. This code reverses a policy of nearly seven years.
[Toyota (TM) requires North American employees to work in the office 4 days a week]
Toyota Motor (TM) will require its North American employees to return to the office four days a week starting in September, hoping to increase interaction and improve work efficiency. The change will apply to all salaried employees of Toyota Motor North America and Toyota Financial Services North America, except for certain jobs. Toyota said that failure to comply with the regulations may result in dismissal.
[OpenAI’s reasoning model sometimes “thinks” in Chinese, and there are many different reasons behind it] According to media reports, shortly after the artificial intelligence (AI) research company OpenAI released its first reasoning AI model o1, people discovered a strange phenomenon. Even when asking questions in English, o1 sometimes uses Chinese, Persian or other languages to reason.
[Stock rating]
[Wells Fargo: Reaffirms its “overweight” optimism for Microsoft (MSFT), expecting revenue to accelerate in the second half of the year]
Wells Fargo recently reiterated its “overweight” rating on Microsoft (MSFT) before the release of its second quarter results for fiscal year 2025, and maintained a target price of $515. Wells Fargo’s analyst team pointed out that they have made an outlook on Microsoft’s upcoming second quarter results, and they believe that Microsoft’s performance in the quarter will show a balanced development trend.
At the same time, Microsoft Cloud’s revenue and order volume are expected to continue to benefit from the continued integration in the software field, and Microsoft’s leading position in the field of artificial intelligence, especially Azure AI, will also provide strong support for its performance growth. In addition, the abundance of budget at the end of the year also provides a guarantee for the company’s business development.
