Nvidia(US:NVDA) Jin Shi Shu Ju·2025-10-31 13:40Market Overview - The US dollar index showed a strong upward trend after initial fluctuations, closing at 99.7 [1] - Gold experienced significant volatility, dropping over 3% at one point to below $4000, while silver showed a slight recovery [1] - Oil prices remained weak due to OPEC+ production increase expectations, despite a minor rebound from EIA data [1] - US stock markets initially surged, with major indices reaching historical highs, but faced pressure post-Fed meeting [1] Investment Bank Insights - Nomura Securities retracted its December rate cut expectations from the Fed, while JPMorgan noted that employment data may still indicate instability [4] - Goldman Sachs predicts the USD/JPY exchange rate will fall to 100 in the next decade as monetary policy normalizes [4] Major Events - The Federal Reserve cut rates by 25 basis points, with the target range now at 3.75%-4.00%, but Powell's hawkish comments dampened December rate cut expectations [5][6] - Internal divisions within the Fed were highlighted, with two dissenting votes against the rate cut [6][7][8] US-China Trade Relations - The US and China reached several agreements during trade talks in Kuala Lumpur, including the suspension of certain tariffs and export controls [9][10] Economic Impact of Government Shutdown - The US government shutdown has resulted in an estimated economic loss of $18 billion, with ongoing negotiations showing signs of progress [11][13] Technology Sector Developments - Nvidia's market capitalization surpassed $5 trillion, driven by significant growth in AI and data center revenues [23][24] - Qualcomm launched new AI chips, challenging Nvidia's dominance in the AI computing space [24] - Amazon reported a 12% increase in net sales for Q3, while also announcing layoffs of 14,000 employees [25][26] - Apple projected double-digit revenue growth for the holiday season, with strong performance from the iPhone 17 [27] OpenAI and Microsoft Partnership - OpenAI and Microsoft finalized a deal granting Microsoft a 27% stake in OpenAI, valued at approximately $135 billion, paving the way for OpenAI's transition to a profit-driven entity [29]