US Stock Market Review: Giants Retreat, Hard Tech 'Goes to Heaven and Enters the Nucleus'
Why is the market "falling endlessly"?
Core logic: Inflation concerns coupled with profit-taking in heavyweight stocks.
Macroeconomic headwinds. Nobel laureate Steve Hanke and other economists warned today that the Fed may struggle to achieve its 2% inflation target by 2026, with the surge in M2 money supply raising fears of "inflation rebounding".
Valuation correction in giants. The S&P 500 and Nasdaq weakened today, mainly dragged down by chip stocks and large data service providers. Despite strong earnings from Palantir and others, the market is shifting from growth stocks to more "economically sensitive" value stocks, with tech giants facing profit-taking pressure.
Why are space stocks "soaring" against the trend?
Core logic: Musk ushers in the "Interstellar AI" era, forcibly raising the industry ceiling.
The century merger of SpaceX and xAI. Musk officially announced SpaceX's full acquisition of AI giant xAI at a valuation of $1.25 trillion. This move marks the transformation of "space-based computing networks" from fantasy to reality - using solar energy to power AI data centers in space.
Industry valuation benchmarking. SpaceX plans to IPO by 2026 with an expected valuation exceeding $1.5 trillion. This directly ignited a value reassessment of space infrastructure in secondary markets, with related stocks like $Rocket Lab(RKLB.US), $Intuitive Machines(LUNR.US), and $AST SpaceMobile(ASTS.US) collectively rebounding. Why is Oklo leading the nuclear energy rebound?
Core logic: The endpoint of AI computing power is nuclear energy, with Oklo positioned at the intersection of "technology + energy".
The "only solution" to energy demand anxiety. Musk mentioned that the most effective way to obtain AI computing power will be in space, while ground-based AI data centers equally need stable zero-carbon energy. Oklo, as a pioneer in small modular reactors (SMRs), is seen as the "heart" of AI infrastructure.
Key collaborations and rating upgrades. Reports suggest substantial progress in Oklo's power supply agreement with Meta. Meanwhile, Texas Capital significantly upgraded Oklo to "Strong Buy" today, targeting prices above $100.
Policy tailwinds. The DOE's recent new nuclear development plan further confirms the commercialization certainty of SMRs, attracting significant institutional funds flowing from market 避险 into this niche sector.
Overall, market capital is gradually shifting from traditional 大盘 and growth stocks to emerging, high-growth sectors with policy support, presenting a typical "risk preference differentiation + sector rotation" pattern. This reminds investors that during market pressure periods, focusing on structural opportunities and policy-certain sectors will become a more 稳健的应对策略。
So which sector do you think will benefit from the next tailwind?
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