US Stock Movement | Multiple stocks in the artificial intelligence sector hit new highs, Oracle rises nearly 43%

On Wednesday, multiple stocks in the fields of artificial intelligence and cloud computing in the U.S. stock market hit new highs, with NVIDIA's stock price increasing by 5%, reaching a two-week high; Broadcom's stock price rose by 10.6%, continuing to set record highs; Taiwan Semiconductor's increase expanded to 5.3%, again setting record highs; Oracle's stock rose nearly 43%, reaching new record highs. On the news front, Oracle announced on September 10 that its remaining performance obligations for the quarter were $455 billion, a year-on-year increase of 359%, and cloud infrastructure revenue grew by 55% year-on-year, driving the overall rise of the AI chip sector. In addition, the market generally expects that policymakers will decide to cut interest rates at next week's meeting to address the rapid slowdown in the labor market. Federal Reserve Chairman Jerome Powell cautiously "opened the door" to interest rate cuts at last month's Jackson Hole Economic Symposium, and more recent data has shown that the trend of slowing job growth has continued into August