Gold and silver suddenly crash and plummet! Tech stocks are falling again

Hello everyone, let’s continue to monitor the overseas market performance tonight!

Precious metals suddenly plunged, with London spot gold and silver prices dropping sharply by 2.71% and 7.06%, respectively.

Tech stocks tumbled again! On the evening of February 12, the three major U.S. stock indices fluctuated and fell sharply, with the Dow slightly down, the Nasdaq dropping over 1%, and the S&P 500 index expanding its decline to 0.5%.

Funds are flowing into more cyclical market sectors, with Walmart’s stock price soaring nearly 4% to hit a new high.

However, the tech sector remains under pressure, with the Nasdaq continuing to plunge, leading tech stocks broadly declining. Netflix fell over 5%, while Amazon, Apple, and META each dropped more than 2%.

Cisco’s stock plummeted over 11% after the company issued disappointing guidance for this quarter regarding its network hardware products like switches and routers.

AI advertising technology company Applovin’s stock price plunged nearly 19% following its Q4 earnings report and outlook; although key metrics exceeded market expectations, concerns about AI-related impacts remain unresolved.

The only bright spot in the tech sector is the storage chip concept, which surged significantly. Seagate Technology jumped about 10%, SanDisk rose around 6%, and Western Digital increased 7%. According to news, Japanese flash memory manufacturer Kioxia released an annual earnings forecast far exceeding market expectations, with revenue and net profit targets about 35% to 60% higher than analyst estimates. Driven by AI-powered data center and enterprise server demand, the NAND flash market has entered a strong recovery cycle, with supply and demand reversing to push product prices sharply higher, and the company’s financial health continues to improve.

Charlie Anderson from UBS Wealth Management stated, “Although we remain optimistic about the stock market, the current sentiment is cautiously optimistic with fatigue. After a very strong start in 2026, stocks are a bit ‘tired.’ We won’t be surprised by some short-term volatility as the market searches for the next catalyst.”

He also pointed out that tech earnings are still good, but market sentiment is no longer purely euphoric; some of the largest tech stocks have been hammered after earnings reports, indicating investor expectations have already been elevated.

Anderson said, “We believe investors should prepare for a ‘broadening’ of the stock market rally, as sectors like finance, healthcare, and utilities may perform well this year.”

Chinese concept stocks have seen significant adjustments, with the Nasdaq Golden Dragon China Index falling over 2.5%.

(Edited by: Wen Jing)

Keywords: Gold Silver