Overnight US stocks | The three major indices closed higher, while precious metals continued last week's decline. Spot gold fell by 4.66%.

On Monday, the three major indexes closed higher. After experiencing a sharp drop over the weekend, cryptocurrencies recovered some of their losses today, while precious metals continued to decline. The US Bureau of Labor Statistics (BLS) will not release the January non-farm employment report on this Friday, and the December job vacancy report originally scheduled for Tuesday will also be rescheduled for release. US StocksAt the close, the Dow rose 515.19 points, or 1.05%, to 49407.66 points; the Nasdaq rose 130.29 points, or 0.56%, to 23592.11 points; the S&P 500 rose 37.46 points, or 0.54%, to 6976.49 points. Intel Corporation (INTC.US) and Micron Technology, Inc. (MU.US) both rose more than 5%, while NVIDIA Corporation (NVDA.US) fell nearly 3%, and Apple Inc. (AAPL.US) rose 4%. The Nasdaq China Golden Dragon Index fell 0.65%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell 8%, and Baidu Inc. Sponsored ADR Class A (BIDU.US) fell 3%. European StocksThe Germany DAX30 index rose 284.73 points, or 1.16%, to 24800.46 points; the UK FTSE 100 index rose 118.90 points, or 1.16%, to 10342.44 points; the France CAC40 index rose 54.64 points, or 0.67%, to 8181.17 points; the European Stoxx 50 index rose 59.74 points, or 1.00%, to 6007.55 points; the Spain IBEX35 index rose 239.98 points, or 1.34%, to 18120.88 points; and the Italy FTSE MIB index rose 476.08 points, or 1.05%, to 46003.50 points. CryptocurrenciesCryptocurrencies, after the "bloodbath" last weekend, saw Bitcoin rise above $7.8, up more than 2%; Ethereum rose more than 3% to $2347.51. US Dollar IndexThe US dollar index against six major currencies rose 0.67% to close at 97.635 in the foreign exchange market. At the close of the New York foreign exchange market, 1 euro exchanged for $1.1783, lower than the previous trading day's $1.1865; 1 pound exchanged for $1.3651, lower than the previous trading day's $1.3696. 1 dollar exchanged for 155.71 yen, higher than the previous trading day's 154.56 yen; 1 dollar exchanged for 0.7809 Swiss francs, higher than the previous trading day's 0.7722 Swiss francs; 1 dollar exchanged for 1.3698 Canadian dollars, higher than the previous trading day's 1.3602 Canadian dollars; 1 dollar exchanged for 8.9780 Swedish krona, higher than the previous trading day's 8.8927 Swedish krona. MetalsPrecious metals continue to decline. Spot gold fell by 4.66% to $4657.95, while spot silver fell below the $80 level, trading at $79.186. Crude OilLight crude oil futures for delivery in March on the New York Mercantile Exchange fell by $3.07 to close at $62.14 per barrel, a decrease of 4.71%; Brent crude oil futures for delivery in April fell by $3.02 to close at $66.30 per barrel, a decrease of 4.36%. Macro News Stock-Specific News Oracle Corporation is launching a USD bond issue to raise up to $500 billion to expand its cloud business. Oracle Corporation (ORCL.US) has launched a USD bond issue to raise $450-500 billion to build more cloud infrastructure capacity. According to sources, the transaction is expected to be around $200-250 billion. Oracle Corporation stated that it plans to raise debt funding through a one-time bond issue covering half of this year's planned financing and does not plan to issue additional bonds until 2026. The remaining funds will be raised through the issuance of equity-linked bonds and common stock. The bonds issued by Oracle Corporation in this transaction will have up to eight different maturities, ranging from 3 years to 40 years. The 40-year bond is preliminarily priced at a premium of about 2.25 percentage points over US Treasury bonds. Oracle Corporation last entered the US bond market in September last year when it issued $18 billion in bonds, one of the largest offerings of the year. Due to concerns about the increasing debt burden, the bond performed poorly in the secondary market, pushing up the cost of default insurance for Oracle Corporation's debt. Media: Musk's SpaceX confirms merger with xAI. Tesla, Inc.(TSLA.US) CEO Elon Musk plans to merge his space exploration company SpaceX with the xAI, his own artificial intelligence startup. This deal covers Musk's increasingly expensive ambitions to dominate the fields of artificial intelligence and space exploration. The merged company is expected to be priced at around $527 per share, with a valuation of $1.25 trillion. Previously, it was reported that SpaceX was planning its initial public offering, potentially raising up to $500 billion and valuing the company at around $1.5 trillion. The company also discussed the possibility of a merger with Tesla, Inc. According to Bloomberg, XAI raised funds in January at a valuation of $230 billion, while SpaceX planned to sell stock in December with a valuation of about $800 billion and was exploring the possibility of going public. This collaboration may enable Musk to establish data centers in space for complex artificial intelligence calculations, according to documents submitted on Friday, SpaceX is seeking to deploy as many as one million satellites into Earth orbit to achieve this plan. Media: OpenAI not satisfied with NVIDIA's latest AI chips. OpenAI is not satisfied with NVIDIA Corporation's(NVDA.US) latest AI chips and has begun seeking alternative solutions in certain cases, according to media reports. The company has identified the need to change NVIDIA Corporation's latest AI chips in certain situations and has been seeking alternative solutions since last year. The company's adjustment in strategy is driven by its increasing focus on the chips used for performing specific stages of artificial intelligence inference. In the case of inference, it refers to the process of responding to various questions and demands from users supported by the artificial intelligence models, ChatGPT included. Currently, NVIDIA Corporation still maintains a dominant position in the field of chips for training large AI models, while inference chips have become a new battleground in the industry competition. Major Banks Ratings UBS Group AG cut the target price for Oracle Corporation(ORCL.US) from $280 to $250.