Tech stocks rally on dovish Fed signals; August CPI data looms as key variable

U.S. markets surged following dovish comments from Federal Reserve Governor Christopher Waller, which eased immediate rate hike concerns. Major growth stocks including Tesla, SpaceX-related equities, Oracle (甲骨文), Dell, Meta, and Microsoft saw significant gains, while Bitcoin surpassed the $80,000 mark. However, the AI hardware sector faced pressure, with Broadcom falling 6% despite strong earnings due to soft revenue guidance. Analysts note that this rally is primarily a valuation correction driven by shifting interest rate expectations rather than fundamental industrial shifts. The market's focus now shifts to next week's August CPI report, which will serve as a critical test for the sustainability of this recovery amid persistent inflationary pressures.