News

Jinse Finance reported that Daniel Pinto, Vice Chairman of JPMorgan, stated that the booming artificial intelligence industry valuations need to be reassessed, warning that any downward adjustment could trigger a chain reaction throughout the stock market. Pinto said at a summit held in Johannesburg on Tuesday: "It is very likely that a correction will occur, which may affect the entire sector, the S&P index, and the whole industry." According to estimates by McKinsey & Company, the world's five largest technology companies are expected to invest about $371 billions this year in data centers required for training and running complex models. By the end of this decade, cumulative investment in such infrastructure is expected to reach $5.2 trillions to meet demand.

ChainCatcher News, Cryptoquant analyst Axel posted on social media that the current stock market volatility is rising in sync with interest rate/credit market volatility, signaling that the market is fully shifting into risk-off mode. In this environment, funds and institutional investors are broadly reducing their portfolio risk exposure. The gold price has fallen for four consecutive trading days and is now back to the $4,033 level. Investors are closely watching several delayed U.S. economic data releases scheduled for this week. The Federal Reserve meeting minutes, which will be released at 3:00 a.m. Thursday (GMT+8), will serve as a key catalyst. This document not only provides forward guidance on the interest rate path but also helps the market assess the short-term direction of monetary policy. In addition, the artificial intelligence sector is putting extra pressure on the market. Ahead of Nvidia's Q3 earnings release after the close on Wednesday (5:00 a.m. Thursday, GMT+8), investor sentiment has become tense, as this company has always been the most important market bellwether in the entire AI field.