Federal Reserve Chair Powell said that the time for policy adjustment has come. As of press time, the three major indices have collectively risen. $Nasdaq Composite Index (.IXIC.US)$ up 1.51%, $S&P 500 Index (.SPX.US)$ up 1.07%, $Dow Jones Industrial Average (.DJI.US)$ up 0.75%.

Fed Chairman Powell stated at the Jackson Hole Annual Meeting that confidence in inflation returning to 2% has strengthened; will make every effort to support a strong labor market, while making further progress in achieving price stability. The timing and pace of rate cuts will depend on the balance of data, outlook, and risks.

$Meta Platforms(META.US)$

Traders increased their bets on a rate cut by the Federal Reserve after Fed Chair Powell's speech; the swap market expects a rate cut of nearly 100 basis points by the end of the year.

Focus stocks

China concept stocks are collectively rallying. $NVIDIA (NVDA.US)$Please use your Futubull account to access the feature.$Tesla (TSLA.US)$ up nearly 4%, $Advanced Micro Devices (AMD.US)$Some rose more than 2%. $Apple (AAPL.US)$ 暴涨154%，旗下4G物联网技术获高通收购。$Microsoft (MSFT.US)$Please use your Futubull account to access the feature.$Meta Platforms (META.US)$ Follow the upward trend.

Decreased by more than 4%.$Bilibili (BILI.US)$ 涨超2%， $Alibaba (BABA.US)$ Up more than 3%, Wheaton Precious Metals (WPM.US) fell more than 13%, with silver falling more than 4%, and others falling more than 2%. $NIO Inc (NIO.US)$ rose nearly 2%, $PDD Holdings (PDD.US)$Regarding actual financial reports, Ives added that Nvidia may once again "lower the microphone performance" as he believes the company is the "only game in town" in terms of artificial intelligence and GPUs.

$Alibaba (BABA.US)$ Up more than 2%. $PDD Holdings (PDD.US)$$哔哩哔哩(BILI.US)$

$NVIDIA (NVDA.US)$$Workday(WDAY.US)$

Up more than 12%, second quarter revenue exceeded expectations, announcing a $1 billion buyback plan.

$Meta Platforms(META.US)$

Up more than 1%, the company released the Imagine Yourself AI model. It is claimed that this model solves the shortcomings of existing methods, such as tending to replicate reference images without any changes, thus paving the way for a more general and convenient image generation process for users.

$Sequans Communications (SQNS.US)$ Up nearly 2%, after the bottleneck of the company's CoWoS expansion is resolved, production capacity is expected to increase significantly.

$Bilibili (BILI.US)$ Up nearly 4%, second quarter performance exceeded expectations, raising full-year guidance.

$Workday (WDAY.US)$

$Meta Platforms (META.US)$

$Taiwan Semiconductor (TSM.US)$

$Ross Stores (ROST.US)$

Editor/Somer