The three major U.S. stock indices broke historical highs! AMD exploded with a pump of 7.6%, while Coinbase and Circle pumped over 9%.

The three major indexes of U.S. stocks hit a record high after the close, and AI chip stocks led the rally, but the “super earnings week” must be careful! (Synopsis: First seen since 1996!) The “Fear Index” signals that the calm period for US stocks will end? (Background added: The US government intends to “directly stake” in quantum computing companies, and Trump-style capitalism is coming? At the close of trading on the 24th, the three major indexes of US stocks wrote a new milestone. The Dow Jones stood at 47,000 for the first time, the S&P 500 challenged 6,800, and the Philadelphia Semiconductor Index also hit highs. The market is jubilant, but do not forget to wait for next week's “super earnings week”, because the report card of the five technology giants will directly affect whether this wave of rally can continue. Inflation cools, interest rate cut bets soar According to data from the Bureau of Labor Statistics, the CPI increased by 0.3% month-on-month and 3.0% year-on-year in September, and the core CPI increased by 0.2% month-on-month and 3.0% year-on-year, all lower than expected. After the data was released, the FedWatch tool showed that the probability of a rate cut in December rushed to 98.5%, and the probability of an early start to the FOMC meeting next week also held steady above 95%. The intraday reaction is as follows: Dow Jones +1.01% at 47,207.12 S&P 500 +0.79% at 6,791.69 Nasdaq +1.15% at 23,204.87 Fee Half +1.89% at 6,976.94 Investors put aside concerns that “high interest rates will remain sedentary” aside, and bank stocks rebounded in tandem, with Goldman Sachs up more than 4%. The three giants of AI chips are in full swing and funds are rapidly pouring into AI concept stocks, especially the three leaders of the chip chain: Nvidia closed at $186.26, up 2.25% on the day AMD closed at $252.92, up 7.63% on the day TSMC ADR closed at $294.96, up 1.46% on the day Fundamental highlights are clear at one time: Nvidia continues to monopolize the GPU market, and the outside world is looking forward to the unveiling of new Rubin architecture products. AMD expanded its partnership with OpenAI and Oracle, and the AI business accounted for 21% of revenue in the second quarter. TSMC's third-quarter net profit was $14.75 billion, and although HPC momentum slowed, the company raised its full-year capital expenditure. At the same time, Alphabet and Anthropic expanded cooperation, and the other party will use up to one million Google custom chips to train Claude, pushing Alphabet's stock price by 2.70%, symbolizing that “self-developed AI chips” have become a new battlefield for large technology companies. In addition, crypto stocks also performed very strongly with three well-known companies: Coinbase (COIN) closed at $354.46, up 9.82% on the day Circle (CRCL) closed at $142.05, up 9.39% on Strategy (MSTR) closed at $289.08, up 1.46% on the day. Next week, Meta, Microsoft, Alphabet, Amazon and Apple will announce their third-quarter earnings reports one after another. Common concerns include return on AI investment, cloud growth, and capex scale. Microsoft: Estimated EPS of $3.65 and revenue of $74.96 billion, “smart cloud” is still the focus of observation. Alphabet: Search ad moat against AI challenges; The cloud division continues to make a profit. Meta: Test AI-driven ad effectiveness and user engagement. Amazon: Estimated EPS of $1.57, revenue of $177.85 billion, AWS and generative AI service growth are highlights. Apple: Capital spending is relatively conservative, and the market wants to know how AI fits into the hardware ecosystem. According to the consolidated estimates, the “Big Seven” increased its profits by 11.9% year-on-year and its revenue by 15.3% year-on-year for the quarter. However, it is widely believed that the threshold has been raised, and if the results are not as expected, the stock price may quickly give up. Risks and challenges ahead In addition to earnings reports, high-level interactions and trade trends also affected emotions. Canada's suspension of anti-tariff advertising and a meeting between U.S. and Chinese leaders at APEC have reduced geopolitical tensions a bit, but the variables have not disappeared. A Wall Street analyst warned: This inflation data undoubtedly provides ample space for the Fed to cut interest rates and inject a shot of strength into the market, but super earnings week is the key to determining the direction of technology stocks in the coming months. High AI-related valuations and global political and economic uncertainty are the two biggest reefs in the short term. When investors enjoy the market, they must also pay attention to profit strength and cash flow, and avoid hot potatoes in the high-end. Related reports Crypto whale bottom-hunting" bets on the rebound of the U.S. stock market next week, but the market is still divided Nomura Securities: The bull market in U.S. stocks is still supported by the AI narrative, but the risks cannot be ignored 〈The three major indexes of U.S. stocks break record highs! AMD burst 7.6%, Coinbase, Circle rose more than 9%" This article was first published in BlockTempo's “Dynamic Trend - The Most Influential Blockchain News Media”.