The '2026 U.S. stock theme' on Wall Street is rotation! 'Old guards' outperform Mag 7 as Goldman Sachs declares 'cyclical stocks are not yet fully priced.'

Strategists at several major Wall Street banks are advising clients to shift their investment focus away from the 'Magnificent Seven' tech giants toward traditional cyclical sectors such as healthcare, industrials, energy, and financials by 2026.

Zhitong Finance16:31

Mass production by 2026: Is the QPU that could replace GPUs on the horizon?

①Quantum hardware startup QuantWare is actively building the world's largest quantum chip wafer fab, Kilofab. ②Its latest QPU expansion architecture, VIO-40K, can support a quantum processor with 10,000 qubits. ③Both QuantWare and Google’s quantum chips utilize superconducting technology, and the competition over technical routes for quantum computing has yet to converge.

cls.cn15:53

Key Schedule for Next Week: Japan’s Interest Rate Decision, Critical Data from China and the US, ByteDance’s Volcano Engine and Moore Threads Conference Garner Attention

A 25-basis-point interest rate hike by the Bank of Japan is considered a done deal; the European and UK central banks will also announce their interest rate decisions. The first non-farm payroll report and inflation data following the US government shutdown will be released, accompanied by密集 speeches from Federal Reserve officials including Milan. Domestically, retail sales, industrial production, and housing price data will be published. The MoleThread Conference will unveil a new GPU architecture; ByteDance’s Volcano Engine Conference may introduce significant upgrades to DouBao; NVIDIA will host the AI Power Conference. MuXi Co., Ltd. is expected to officially go public, and Micron Technology will release its earnings report.

wallstreetcn11:27

How to understand the sell-off in tech stocks on Friday? The higher the market expectations, the more severe the selloff.

Investor confidence was severely shaken by Broadcom's disappointing earnings guidance and rumors of Oracle project delays, triggering a sharp market sell-off. Broadcom's shares plummeted 12% on Friday, while the Philadelphia Semiconductor Index fell 5%, marking its largest decline in months. The equity sell-off even spilled over into the bond market, with significant spikes observed in the yield premiums of AI giants' bonds. This chain reaction may be prompting a critical question: how much patience does the market still have for the promised returns of AI?

wallstreetcn11:06

Trending Stocks as Wall Street Tumbles Amid Tech, AI Selloff

Seeking Alpha01:19

Global Market Highlights for Next Week: Major Central Bank Decisions to Take Center Stage; Non-Farm Payrolls and CPI Data to Reshape Fed Rate Cut Expectations

①A series of delayed U.S. economic data will be released next week, including the November non-farm payroll report and CPI. These data will provide a "comprehensive picture" of the U.S. economy, helping investors gauge market direction; ②The interest rate decisions by the Bank of Japan, European Central Bank, and Bank of England next week are also highly anticipated. The market expects that the Bank of Japan may raise interest rates, while the Bank of England is likely to cut rates by 25 basis points.

cls.cn01:07