Amazon(US:AMZN) Sou Hu Cai Jing·2025-11-04 02:11Market Overview - The U.S. stock market showed mixed results, with the Dow Jones index falling by 0.48% to 47,336.68 points, while the S&P 500 rose by 0.17% to 6,851.97 points, and the Nasdaq composite increased by 0.46% to 23,834.72 points, nearing record highs [5] - Amazon's stock surged by 4%, reaching a historical high, and Nvidia's stock rose by over 2% [5] Corporate News - Amazon Web Services (AWS) has signed a $38 billion agreement with OpenAI to provide computational power, including the use of hundreds of thousands of Nvidia GPUs. OpenAI will start utilizing AWS's computing capabilities immediately, with all target capacity to be provided by the end of 2026, and options for future expansion [6] International Macro - U.S. manufacturing activity has contracted for the eighth consecutive month, with the ISM manufacturing index dropping by 0.4 to 48.7, indicating industry contraction as it remains below 50. The output index fell by 2.8 points to 48.2, marking the second time in three months it has dipped below the threshold [7] - The U.S. federal government shutdown has reached its 34th day, approaching the historical record of 35 days set in late 2018 to early 2019, impacting sectors such as aviation, food, and healthcare, thereby exerting pressure on both livelihoods and the economy [7] - Several Federal Reserve officials have indicated the possibility of interest rate cuts in December, with discussions around a series of 50 basis point reductions to align with a neutral policy rate that is believed to be significantly lower than current levels [7] Institutional Insights - Citigroup forecasts that global AI industry revenue will reach $975 billion by 2030, a significant increase from $43 billion in 2025, reflecting a compound annual growth rate of 86%. This growth is attributed to accelerated adoption and commercialization of AI technologies, alongside increased infrastructure investments by major cloud service providers to meet rising market demand [8]