Trading Day: 100 billion reasons to be bullish

Group 1: Investment and Market Trends - Nvidia has committed to invest up to $100 billion in OpenAI, highlighting the trend of significant investments in cloud computing and AI technology [1] - U.S. tech stocks, particularly Nvidia, reached new highs, with Nvidia shares increasing by 4% [4][7] - The S&P 500 and Nasdaq indices also hit new peaks, reflecting strong performance in the tech sector [4][6] Group 2: Immigration Policy Impact - The Trump administration's new immigration policy, including a $100,000 fee for H-1B visas, targets highly-skilled foreign workers, which could adversely affect the tech industry [3] - The tightening of immigration controls is expected to have a negative macroeconomic impact, leading to reduced GDP growth due to a decrease in labor supply [2] Group 3: Equity Market Dynamics - U.S. pension funds and households are holding record amounts of equities, with equities comprising nearly 70% of private sector defined contribution pension plans and 45.4% of U.S. households' financial assets [9][10] - The shift from defined benefit to defined contribution plans has resulted in higher equity exposure, raising concerns about the risks associated with this trend [11][12] - Despite high stock market valuations, analysts predict further gains for the S&P 500, driven by enthusiasm for AI [18]