Nvidia(US:NVDA) Wind万得·2025-09-23 22:30Market Overview - After a continuous rise, the US stock market adjusted following Federal Reserve Chairman Jerome Powell's speech, leading to investor caution regarding the sustainability of the AI hype [1][3] - The S&P 500 index fell by 0.55% to 6656.92 points, while the Nasdaq Composite index dropped nearly 1% to 22,573.47 points, primarily driven by sell-offs in AI-related stocks like Nvidia, Oracle, and Amazon [1][2] Federal Reserve Insights - Powell indicated that asset prices are at "high levels," raising concerns about overvaluation, which contributed to the decline in major stock indices [2][3] - Prior to Powell's remarks, the S&P 500 and Nasdaq had reached new highs, but the Fed's signal of high valuations led to a shift in capital flows as some investors opted to take profits [3] Nvidia and OpenAI Investment - Nvidia's stock fell by 2.8% after a previous surge due to its announcement of a potential $100 billion investment in OpenAI, with investors questioning the feasibility and risks of this investment [3] - Analysts noted that Nvidia might be the only significant financier for OpenAI, raising concerns about the sustainability of OpenAI's expansion plans [3][4] AI Sector Performance - Oracle's stock, which had risen over 50% in the past three months due to optimism about its AI cloud services, saw a decline of 4.4% on the same day [5] - The Nasdaq index's performance indicates that the leading role of AI stocks is facing challenges as investment logic shifts from speculation to fundamentals [5] Economic Outlook and Risks - The Russell 2000 index reached a new high, suggesting some investors remain optimistic about the economic outlook despite the poor performance of large tech stocks [5] - The market is closely monitoring potential risks related to the US federal government's funding issues, with concerns about a government shutdown affecting economic data and market confidence [6] Gold Market Dynamics - Gold prices reached new highs, driven by expectations of further interest rate cuts by the Federal Reserve and increased demand for safe-haven assets amid global uncertainties [8][10] - The price of gold briefly surpassed $3800 per ounce, reflecting strong investment demand and concerns over the Fed's independence amid political pressures [8][10]