According to BlockBeats, on August 15, investors are betting again on the US stock market as the panic caused by the tech stock crash in July quickly subsides and the market returns to a "buy on dips" mode.

Data shows that the S&P 500 has risen about 4% since August and hit a record high this week; the Nasdaq 100 has also rebounded strongly from its brief correction in July and is now only about 2.5% away from its June high.

Strong second-quarter earnings reports, cooling inflation, and rising expectations of interest rate cuts were the main drivers of the market rebound. Data shows that demand for US information technology stocks has risen to its highest level in nearly five years, while institutional investors are also increasing their bets on derivatives that favor the upward movement of stock indices.

Michael Metcalfe, head of macro strategy at State Street Global Advisors, said that tech stock trading "currently looks unbreakable," with strong earnings performance reinforcing the market's view that AI investment is a long-term structural trend.

This week's weaker-than-expected US inflation data reduced market bets on further interest rate increases, pushing the S&P 500 above 7800 points. Meanwhile, oil prices fell from last month's high of $100 to around $88, as investors' focus on Middle East risks diminished.

Institutions have also raised their targets for US stocks:

Citigroup has raised its year-end 2026 target for the S&P 500 to 8100.

JPMorgan Chase raised its S&P 500 target from 7800 to 8000.

The second-quarter earnings season further boosted market confidence. Overall earnings for S&P 500 companies grew by more than 50% year-over-year, and even excluding investment gains from Amazon and Google's parent company Alphabet, earnings growth was still around 30%.

AI-related sectors have once again become the core of the rebound. Since August, Super Micro Computer has risen by about 37%, SanDisk by about 33%, and cloud computing companies CoreWeave and Nebius Group have both risen by more than 40%.

However, the market's rapid shift to optimism has also raised concerns among some institutions. Deutsche Bank strategist Henry Allen stated that the market is currently pricing in a "golden scenario": continued economic growth, central banks only slightly tightening policy, easing supply shocks in the Middle East, and falling oil prices, but this combination "offers almost no room for error."

Currently, Wall Street is regaining upward momentum, driven by the realization of AI profits, declining inflation, and a rebound in risk appetite. However, high valuations and geopolitical risks may still be sources of subsequent market volatility.

According to BlockBeats, on August 15, Nvidia filed a document with the U.S. Securities and Exchange Commission (SEC) disclosing that as of the end of June this year, the company held approximately 123 million shares of SpaceX, with a book value of nearly $21 billion.

According to the documents, Nvidia's stake is currently valued at approximately $17 billion, influenced by the stock price fluctuations following SpaceX's IPO. This disclosure shows that Nvidia has further deepened its capital ties with core customers and companies across the AI industry chain through this investment strategy.

It is understood that Nvidia previously completed its investment in Musk's AI company xAI in January of this year. Subsequently, xAI merged with SpaceX, and this shareholding is seen as an important return on that investment.

SpaceX CEO Elon Musk previously stated that SpaceX data centers will establish an exclusive partnership with NVIDIA, using NVIDIA's latest Vera Rubin architecture for AI infrastructure construction.

In recent years, NVIDIA has continued to increase its investment in the AI industry, investing more than $100 billion in various AI companies and cloud computing startups, including CoreWeave, Thinking Machines, and Safe Superintelligence.

In addition, SpaceX is planning to significantly expand its computing power, expecting to increase its data center scale to nearly 10GW by the end of 2027, further promoting the construction of AI infrastructure.

The market believes that Nvidia is leveraging its capital advantage as the world's largest company by market capitalization to build an ecosystem covering chips, data centers, and AI applications through investment, supply chain partnerships, and financing support.