Sou Hu Cai Jing·2025-05-08 23:56Core Viewpoint - The U.S. stock market closed higher, driven by multiple factors including AI chip policies and trade negotiations, with Nvidia's strong performance highlighting the impact of AI technology on market dynamics [2][3]. Market Performance - The Dow Jones index rose by 0.70% to close at 41,113.97 points, the S&P 500 increased by 0.43% to 5,631.28 points, and the Nasdaq index saw a slight increase of 0.27% to 17,738.16 points [3]. - The market's upward movement was influenced by positive news regarding U.S.-China trade talks, a temporary pullback following the Federal Reserve's statement on rising unemployment and inflation risks, and a late surge due to news of potential AI chip export restrictions being lifted [3]. Technology Sector Dynamics - Nvidia's stock surged over 3%, with its market capitalization surpassing $3 trillion, reflecting its leading position in the AI chip sector and the anticipated policy changes [3]. - In contrast, Alphabet, Google's parent company, experienced a significant drop of over 7%, losing more than $137.4 billion in market value due to concerns over Apple's plans to launch an AI search engine and potentially end its default search partnership with Google [3]. Chinese Concept Stocks - The Nasdaq Golden Dragon China Index fell by 2.34%, with major Chinese companies like Alibaba and JD.com facing declines, attributed to uncertainties in trade policies despite positive signals from U.S.-China talks [4]. - However, companies like Li Auto and Zeekr showed resilience, with Li Auto's stock rising over 2% and Zeekr's stock increasing by 11.5%, indicating market recognition of the global expansion of Chinese new energy brands [4]. Federal Reserve Policy - The Federal Reserve maintained interest rates in the range of 4.25%-4.5%, marking the third consecutive meeting without changes, while emphasizing the increased risks of rising unemployment and inflation [5]. - The Fed's statement was interpreted as a balanced assessment of the current economic situation, suggesting that any policy adjustments would require careful consideration of growth and inflation targets [5]. Conclusion - The recent market movements reflect a complex interplay of technological advancements, trade policy uncertainties, and monetary policy stability, with AI technology reshaping valuation logic in the tech sector and presenting new investment opportunities [6].