#美股市场波动 Looking back at my investment journey over the years, I have witnessed the rise and fall of countless tech stocks. The recent volatility in Nvidia’s stock price reminded me of Intel 20 years ago. Back then, Intel dominated the PC chip sector, and its stock price soared. But who could have predicted that the advent of the mobile internet era would cause it to miss a golden opportunity, leaving its stock price depressed for the long term? Today, Nvidia is in the spotlight in the AI chip sector, but the market’s unpredictability is something we should be wary of. From the broad market rally triggered by the rise in the September unemployment rate to the widespread pullback just a day later, all these reflect the current uncertainty of the US stock market. This reminds us that even the hottest companies cannot escape the cyclical nature of the market. Wise investors should always remain cautious and pay attention to macroeconomic changes instead of blindly chasing a single hot spot. After all, history always repeats itself on different stages.