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On August 15, investors are re-betting on the US stock market as the panic from the tech stock plunge in July quickly dissipates, returning the market to a 'buy the dip' mode. Data shows that the S&P 500 index has risen about 4% since August, reaching a historical high this week; the Nasdaq 100 index has also rebounded strongly from the brief adjustment in July, currently just about 2.5% away from its June peak. Strong Q2 earnings reports, cooling inflation, and rising expectations for interest rate cuts have become the main driving forces behind the market rebound. Data indicates that demand for US information technology stocks has risen to its highest level in nearly five years, with institutional investors also increasing their bets on derivatives linked to stock index gains. Michael Metcalfe, head of macro strategy at State Street Global Advisors, stated that tech stock trading 'currently looks unassailable,' with strong earnings performance reinforcing the market's judgment that AI investments represent a long-term structural trend. This week, the decline in US inflation data has led the market to reduce bets on continued interest rate hikes, pushing the S&P 500 to break above the 7800-point mark. Meanwhile, oil prices have fallen from last month's high of $100 to about $88, leading to decreased investor concern over risks in the Middle East. Institutions are also raising their targets for US stocks: Citigroup has raised its S&P 500 target for the end of 2026 to 8100 points; JPMorgan Chase has increased its S&P 500 target from 7800 to 8000 points. The Q2 earnings season further boosts market confidence, with S&P 500 constituent companies seeing overall earnings grow by more than 50% year-on-year. Even excluding investment gains from Amazon and Google's parent company Alphabet, the earnings growth rate remains about 30%. AI-related sectors have once again become the core of the rebound. Since August, Super Micro Computer has risen about 37%, SanDisk has increased by about 33%, and cloud computing companies CoreWeave and Nebius Group have both seen gains exceeding 40%. However, the market's rapid shift to optimism has raised caution among some institutions. Deutsche Bank strategist Henry Allen noted that the market is currently pricing in a 'golden scenario': economic growth is maintained, central banks are only slightly tightening policies, Middle East supply shocks are easing, and oil prices are falling, but this combination 'leaves almost no room for error.' Currently, Wall Street is regaining upward momentum driven by the convergence of AI earnings realization, declining inflation, and rising risk appetite, but high valuations and geopolitical risks may still become sources of future market volatility.

On August 15, Iran's Foreign Minister stated that Qatar and Pakistan are exchanging information with us, but this does not constitute negotiations. Talks between Iran and Oman are being conducted independently, focusing on maritime routes in the Strait of Hormuz. Iran has not yet decided to resume negotiations with the United States. (Jinshi)

On August 15, NVIDIA submitted a filing to the U.S. Securities and Exchange Commission (SEC) disclosing that as of the end of June this year, the company holds approximately 123 million shares of SpaceX, with a book value nearing $21 billion. According to the filing, due to fluctuations in SpaceX's stock price following its public listing, NVIDIA's current stake is valued at about $17 billion. This disclosure indicates that NVIDIA has further deepened its capital connections with core clients and companies in the AI industry chain through its investment strategy. It is reported that NVIDIA previously completed an investment in Elon Musk's AI company xAI in January of this year, which was later merged with SpaceX; this stake is seen as a significant return from that investment. SpaceX CEO Elon Musk has previously stated that SpaceX's data centers will establish an exclusive partnership with NVIDIA, utilizing NVIDIA's latest Vera Rubin architecture for AI infrastructure development. In recent years, NVIDIA has significantly increased its investments in the AI industry, having invested over $100 billion in various AI companies and cloud computing startups, including CoreWeave, Thinking Machines, and Safe Superintelligence. Additionally, SpaceX is planning to substantially expand its computing capabilities, with expectations to scale its data centers to nearly 10GW by the end of 2027, further promoting AI infrastructure development. The market believes that NVIDIA is leveraging its position as the world's largest company by market capitalization to build an ecosystem encompassing chips, data centers, and AI applications through investments, supply chain collaborations, and financing support.