Why did U.S. tech stocks suddenly surge collectively? Chip stocks led the rally, with major indices like the Nasdaq rebounding sharply~~~ There are three specific reasons: 1. Previous week’s selling followed by rebound: After the U.S. midterm elections, the Democratic Party made gains in several states, raising market concerns that approvals for data center construction, energy consumption, water usage, and regulatory oversight might tighten, slowing the expansion of AI infrastructure. This triggered heavy selling of AI-related stocks. 2. Oil price decline provided additional support: Trump stated it’s unlikely the U.S. will further target Iran, causing Brent crude to drop 5% to $93 and WTI to fall to around $86, easing inflation concerns. 3. Long-term AI fundamentals remain intact, with buying returning after overselling: Despite short-term concerns over regulation and capital expenditure pressures, investors have not abandoned their long-term bets on AI data centers and computing power demand. #RWA #OnChainUSStocks