深夜大涨！巴菲特，罕见买入！

Core Viewpoint - The article discusses the recent performance of the U.S. stock market, particularly focusing on the expectations surrounding the Federal Reserve's interest rate decisions and the strong earnings reports from major companies like Alphabet and Nvidia [4][5][10]. Market Performance - On November 17, U.S. stock indices opened lower but rebounded, with the Dow Jones up 0.09%, S&P 500 up 0.10%, and Nasdaq up 0.23% [2]. - Alphabet's stock (GOOGL) opened significantly higher, increasing by 5.38% [8]. Federal Reserve Insights - The U.S. Labor Department is set to release the non-farm payroll report for September, which is crucial for the Federal Reserve's decision-making [4]. - Current market expectations show a 44.4% probability of a 25 basis point rate cut in December, with a 55.6% chance of maintaining the current rate [4]. - A month ago, the probability of a December rate cut was as high as 95%, indicating increased uncertainty in the market [5]. Earnings Reports and Predictions - Morgan Stanley's chief U.S. equity strategist, Michael Wilson, predicts a 16% increase in the S&P 500 over the next year, supported by strong corporate earnings [6]. - Wilson expects S&P 500 earnings per share (EPS) to grow by 17% and 12% over the next two years, driven by enhanced pricing power, AI-driven efficiency, and a stable interest rate environment [7]. Company-Specific Developments - Alphabet reported Q3 revenue of $102.346 billion, a 16% year-over-year increase, exceeding Wall Street expectations by $2 billion [10]. - Nvidia's stock faced volatility, with a notable drop of over 2% before recovering, as major investment firms like Peter Thiel's sold off shares [10][11]. - Nvidia is expected to report Q3 earnings on November 19, with projected revenue of $55.28 billion, a growth of over 55% year-over-year [10]. Sector Performance - Semiconductor stocks saw significant gains, with Micron Technology rising over 4% and Western Digital increasing over 5% [12]. - Chinese concept stocks showed mixed performance, with notable declines in companies like Manbang and Xpeng, while Alibaba and JD.com saw slight increases [13].