Market Performance - The three major U.S. stock indices reached new all-time highs, with the Dow Jones Industrial Average up 0.37% to 46,315.27 points, the S&P 500 up 0.49% to 6,664.36 points, and the Nasdaq up 0.72% to 22,631.48 points [3] - For the week, the Dow rose 1.05%, the S&P 500 increased by 1.22%, and the Nasdaq gained 2.21% [5] Federal Reserve Insights - Market expectations for further monetary easing have increased, with the probability of a 25 basis point rate cut at the October meeting rising to 89.8% from 87.4% [6] - Federal Reserve Governor Milan expressed his independent decision-making regarding interest rates, advocating for a 50 basis point cut instead of 25 [5] Commodity Market Trends - The precious metals market saw a strong overall performance, with the Philadelphia Gold and Silver Index rising 4.76% to 283.70 points, surpassing the previous record of 277.84 points [12][13] - Spot gold increased by 1.11% to $3,684.80 per ounce, while COMEX gold futures also rose by 1.11% to $3,719.30 per ounce [13] - Oil prices fell for the third consecutive day, with WTI crude oil futures down 1.4% to $62.68 per barrel [13] Company-Specific Developments - Apple CEO Tim Cook addressed concerns regarding the high prices of the new iPhone, clarifying that the price increase was not due to Trump's tariff policies [9] - OpenAI plans to lease backup servers from cloud service providers, with expected expenditures of around $1 trillion over the next five years, in addition to $3.5 trillion from 2025 to 2030 [9] - Wayve, a UK-based autonomous driving startup, announced a strategic investment of $500 million from NVIDIA [9] Stock Performance - Semiconductor stocks mostly declined, with the Philadelphia Semiconductor Index down 0.76% [10] - Major tech stocks saw gains, with Apple up over 3%, Tesla up over 2%, and Microsoft nearly 2% [10]

Core Viewpoint - The valuation bubble in the "Seven Sisters" of U.S. stocks has not yet peaked, and there is still room for further growth in their prices [1][2]. Group 1: Historical Bubble Comparison - The average price increase from the bottom to the peak in ten major stock market bubbles since the early 20th century is 244% [6]. - The "Seven Sisters"—Tesla, Google, Apple, Meta, Amazon, Microsoft, and Nvidia—have seen a cumulative increase of 223% since their low in March 2023, indicating potential for further gains [7]. - Historically, during market bubbles, the trailing P/E ratio typically reaches 58 times, and prices exceed their 200-day moving average by 29%. Currently, the trailing P/E ratio for the "Seven Sisters" is 39 times, with prices only 20% above the 200-day moving average [8]. Group 2: Market Sentiment and Macro Environment - Strong market sentiment and macroeconomic conditions are key factors supporting the continued rise of tech stocks, driven by positive economic indicators, ongoing enthusiasm for artificial intelligence, and expectations of further interest rate cuts by the Federal Reserve [9]. - The S&P 500 Information Technology Index has surged 56% since its low in April, with investors consistently buying during pullbacks [10]. Group 3: Investor Behavior and Strategy - A recent Bank of America survey indicates that "going long on the 'Seven Sisters'" is viewed as the most crowded trade for the second consecutive month, with 42% of respondents agreeing [12]. - The concentration of this trade aligns with historical bubble characteristics, as seen during the peak of the internet bubble in 2000 when tech stocks surged 61% in six months while other sectors declined [13]. - Despite the positive outlook for the tech bubble, the Bank of America team recommends a balanced strategy for investors, suggesting a "barbell strategy" that includes holding large tech stocks while also investing in some "bad value stocks" [15].

Meta方面拒绝对此事置评，甲骨文则未立即回应置评请求。 甲骨文(ORCL.US)正与Meta(META.US)就一项价值约200亿美元的云计算合作展开磋商。这一动态进一 步表明，甲骨文已成为业内重要的基础设施服务提供商。 早在今年8月就有报道称，甲骨文正与Meta洽谈增加云服务资源供应的相关事宜。 据知情人士透露，这项多年期协议中，甲骨文将为这家社交媒体巨头提供用于人工智能(AI)模型训练与 部署的计算能力。知情人士表示，最终协议敲定前，双方承诺的总金额可能会进一步增加，其他合作条 款也仍有调整空间。 若协议达成，将成为甲骨文云基础设施业务取得的又一重要胜利。上周，甲骨文公布其订单量大幅增 长，这一业绩推动公司股价攀升至历史新高。此前，甲骨文已披露与Meta及其他AI模型训练企业的云 服务合作，其中就包括马斯克旗下的xAI公司。 周五美股，甲骨文股价收于308.66美元，单日涨幅达4.1%。受云业务亮眼表现的推动，该公司股价今年 以来已累计上涨85%。 尽管甲骨文以数据库软件闻名，但如今它正崛起为AI算力领域的关键供应商，与亚马逊(AMZN.US)、 微软(MSFT.US)及谷歌(GOOGL.US)等云服务 ...

由于申请需求巨大，项目采用抽签制度分配名额，大学等非营利机构员工通常不受名额限制。消息传出后，严重依赖H- 1B签证持有者的IT服务公司Cognizant股价周五下跌4.74%。 美国总统特朗普将对H-1B签证增收10万美元费用，该计划将大幅冲击严重依赖外国技术人才的科技行业。 周五据媒体报道，特朗普政府认为H-1B签证的滥用已经取代了美国工人的就业机会。特朗普还计划指示劳工部修订H-1B 项目的现行工资标准，以限制签证被用于压低美国工人应得的薪资水平。 H-1B项目由国会于1990年创立，是高技能外国工人赴美的主要途径。印度是该项目最大受益国，去年获批受益人占比 71%。 科技巨头面临冲击 H-1B签证项目对于需要填补大量技术岗位的科技和人力资源外包公司而言至关重要。 新政带来的高昂成本，预计将直接冲击这些企业的招聘策略和运营成本。 据报道，亚马逊、谷歌和特斯拉是H-1B签证的最大使用者之一。 根据美国公民及移民服务局数据，亚马逊在2025年获得超过1万个H-1B签证批准，微软和Meta平台各自获得超过5000个 签证批准。 美国H-1B项目每年发放8.5万个签证名额，但申请数量达数十万份，需要通过抽签决定 ...

Stock Market Performance - The three major U.S. stock indices reached historical highs for the second consecutive trading day, with the Dow Jones Industrial Average peaking at 46,396.47 points, the Nasdaq at 22,645.11 points, and the S&P 500 at 6,671.82 points [1] - For the week, the Dow rose by 1.05%, the Nasdaq by 2.21%, and the S&P 500 by 1.22% [1] - At market close, the Dow increased by 172.85 points (0.37%) to 46,315.27 points, the Nasdaq rose by 160.75 points (0.72%) to 22,631.48 points, and the S&P 500 gained 32.40 points (0.49%) to 6,664.36 points [1] Individual Stock Movements - Oracle (ORCL.US) shares rose over 4%, while Apple (AAPL.US) shares increased by 3.1%. In contrast, Micron Technology (MU.US) and Intel (INTC.US) saw declines of 3.6% and 3.2%, respectively [1] - Among popular Chinese concept stocks, Pony.ai (PONY.US) surged by 18% [1] European Market Overview - The German DAX30 index fell by 28.58 points (0.12%) to 23,642.38 points, while the UK FTSE 100 dropped by 25.16 points (0.27%) to 9,202.95 points [2] - The French CAC40 index decreased slightly by 1.02 points (0.01%) to 7,853.59 points, while the Spanish IBEX35 index rose by 102.94 points (0.68%) to 15,276.74 points [2] Commodity Prices - Light crude oil futures for October fell by $0.89 to $62.68 per barrel (1.4% decline), and Brent crude for November dropped by $0.76 to $66.68 per barrel (1.13% decline) [2] Cryptocurrency and Precious Metals - Bitcoin decreased by over 1.2% to $115,662.94, while Ethereum fell by 2.5% to $4,474.94 [3] - Spot gold rose by 1.11% to $3,685.01, marking its fifth consecutive week of gains, and silver surpassed $43 per ounce for the first time since September 2011, with a year-to-date increase of nearly 49% [3] U.S. Treasury Yields - The yield on the 10-year U.S. Treasury bond rose by 2.30 basis points to 4.1274%, with a weekly increase of 6.31 basis points [3] - The 2-year Treasury yield increased by 0.80 basis points to 3.5715%, while the 20-year and 30-year yields rose by 6.68 and 6.33 basis points, respectively [3] Corporate Developments - Oracle is in discussions with Meta Platforms (META.US) for a cloud computing deal valued at approximately $20 billion, indicating Oracle's growing role as a key infrastructure provider [8] - Apple CEO Tim Cook clarified that the price increase of new iPhone models is not related to tariffs, despite the company facing an estimated $1.1 billion in tariff-related costs this quarter [9] - Elon Musk's AI startup xAI is seeking to raise $10 billion, with a valuation soaring to $200 billion, reflecting the trend of increasing valuations for foundational AI model developers [10] - Meta has applied to enter the U.S. wholesale electricity market, highlighting the urgency for tech giants to secure more power supply for their AI projects [11]

Meta took some big swings with its Connect event this week, and as @EquityPod notes, some ran directly into the live demo curse. https://t.co/wZdW4yfzQI ...

Well, we've got a market flash on Oracle. Mackenzie Sagalos has the details. Mackenzie.>> Hey, John. So, Oracle shares ended the day 4% higher after Bloomberg reported that it is in advanced talks with Meta on a 20 billion multi-year cloud computing deal. The agreement would make Oracle a critical infrastructure provider for Meta's AI training and deployment.It also follows OpenAI's massive $300 billion cloud commitment to Oracle, really cementing Oracle's status as a bigger player in that AI arms race. Met ...

Well, we've got a market flash on Oracle. Mackenzie Sagalos has the details. Mackenzie.>> Hey, John. So, Oracle shares ended the day 4% higher after Bloomberg reported that it is in advanced talks with Meta on a 20 billion multi-year cloud computing deal. The agreement would make Oracle a critical infrastructure provider for Meta's AI training and deployment.It also follows OpenAI's massive $300 billion cloud commitment to Oracle, really cementing Oracle's status as a bigger player in that AI arms race. Met ...

Corporate Activity Highlights - Oracle is nearing a significant $20 billion multi-year AI cloud computing deal with Meta Platforms, indicating intense competition and investment in the AI sector, which led to a 4.4% surge in Oracle's stock [2][9] - Boeing is poised to secure a substantial order for 250 jets from Turkish Airlines, reflecting the airline's strategy to diversify its fleet amidst ongoing production challenges [3] - Genuine Parts Company is considering a separation of its auto parts business, while Aptiv is evaluating the sale of its electrical distribution unit, aiming to streamline focus on higher-margin businesses and unlock shareholder value [4][9] Sovereign Ratings - Morningstar DBRS downgraded France's Long-Term Foreign and Local Currency Issuer Ratings to AA from AA (high), citing a gradual fiscal consolidation path and political fragmentation, placing France's rating below some major economies [5][9] - Norway's Long-Term Foreign and Local Currency Issuer Ratings were confirmed at AAA with a Stable trend, highlighting its strong public sector wealth and prudent management of oil revenues [6][9] Economic Data - US bank deposits increased by $12 billion, reaching a total of $18.413 trillion, indicating overall health in the banking sector [7][9] - Major U.S. stock indices closed higher, with the Dow Jones Industrial Average rising 0.42%, the S&P 500 gaining 0.50%, and the Nasdaq Composite increasing by 0.74%, reflecting optimistic investor sentiment [10][9]

Meta Platforms (NASDAQ:META) is reportedly considering the use of Oracle's (NYSE:ORCL) cloud services for training and deploying artificial intelligence models in a multiyear deal worth approximately $20B, according to Bloomberg. Oracle shares climbed 4% by the time markets closed on ...