美股前瞻01.29：美联储暂停降息，AI硬件和硬资产仍处超级周期

Market Overview - The report indicates that the U.S. stock market is currently experiencing a strong performance, with the S&P 500 reaching 7000 points, driven by positive earnings reports from semiconductor companies like ASML [1] - The Federal Reserve has decided to maintain interest rates, signaling no immediate plans for rate cuts, which has led to a temporary pause in market gains [1] - Despite a strong dollar policy, precious metals like gold and silver have seen significant price increases, with gold rising 4% to surpass $5400 [1] Core Insights - The report emphasizes that the current economic environment in the U.S. remains resilient, with strong corporate investment and consumer spending, indicating a robust economy [3] - Earnings reports show that the U.S. stock market is still in a high-growth phase for AI hardware, with notable increases in stock prices for companies like Seagate (up 19.14%) and Intel (up 11.04%) [3] - The semiconductor market is experiencing strong demand, particularly in AI-related sectors, while demand from automotive and industrial sectors remains relatively low [3] - The report suggests that the demand for hard assets is expected to surpass traditional macroeconomic cycles, indicating a shift towards sectors like AI and data centers [3] - The report identifies high-growth AI hardware chains, strong profit expectations from major tech platforms, and select energy and resource stocks as key investment directions in the U.S. stock market [3]