The three major U.S. stock indices fluctuate differently; Oracle surges over 10%

On March 11, U.S. stocks closed mixed. As of press time, the Dow fell 0.16%, the Nasdaq rose 0.32%, and the S&P 500 increased 0.13%.

In individual stocks, Oracle surged over 10% after raising its revenue guidance for the next fiscal year.

In commodities, international oil prices rose. As of press time, WTI crude oil futures increased nearly 3%, trading at $85.7 per barrel.

Global News

U.S. February CPI up 2.4% Year-over-Year; Market Expects Fed to Cut Rates in July

Data released by the U.S. Department of Labor on the 11th showed that the Consumer Price Index (CPI) in February increased by 2.4% year-over-year. Excluding volatile food and energy prices, core CPI rose 2.5% YoY. Analysts note that this data reflects U.S. inflation levels before the outbreak of military conflict in the Middle East. Considering recent spikes in international oil prices and the ongoing blockade of the Strait of Hormuz, the risk of a rebound in U.S. inflation pressures cannot be ruled out. Despite recent non-farm payroll data significantly below expectations, markets still anticipate the Fed will cut rates again in July.

Iranian Armed Forces Spokesperson: “Equal Retaliation” Has Ended; Will Implement “Sequential Strikes”

According to reports, on March 11 local time, a spokesperson from Iran’s Central Command of the Islamic Revolutionary Guard Corps stated that Iran’s previous “equal retaliation” has ended. From now on, Iran will adopt a “sequential strike” strategy, meaning attacks will follow one after another, no longer maintaining a one-to-one retaliatory pace.

G7: Principally Support Using Strategic Reserves to Stabilize Energy Markets When Necessary

On the 11th local time, G7 energy ministers issued a joint statement expressing principled support for proactive measures to address current tensions, including the possible use of strategic energy reserves when necessary. The statement said that G7 energy ministers held a video conference on the 10th, attended by IEA Director Fatih Birol. The meeting discussed the impact of Middle East conflicts on global energy markets, including oil and natural gas supply security and energy prices.

Oil Price Surge May Not Lead to Hawkish Fed? Bank of America: Rate Cuts Also Possible!

On Tuesday, Bank of America warned that investors betting on the Fed adopting hawkish measures in response to rising oil prices might be misjudging the Fed’s intentions. The bank pointed out that supply shocks could also lead to stable or even significantly lower interest rates. Since the outbreak of the U.S.-Iran war, the two-year U.S. Treasury yield has fluctuated in tandem with soaring oil prices, reflecting market expectations of rising borrowing costs. However, BofA economist Aditya Bhave warned that these expectations “may be incorrect.”

Jensen Huang Personally Writes Blog: AI Is a “Five-Layer Cake” Infrastructure That Requires Trillions of Dollars in Construction!

On Tuesday, March 10, Eastern Time, Jensen Huang unusually published a lengthy blog titled “AI is a five layer cake,” stating, “We are just beginning this construction. We have already invested hundreds of billions of dollars. There are trillions more in infrastructure to build.” Huang wrote, “Artificial intelligence is one of the most powerful forces shaping the world today. It is not just an intelligent application or a single model; like electricity and the internet, it is an indispensable infrastructure.”

Company News

Oracle Reports Strong Performance; Robust AI Orders Temporarily Ease Market Concerns

On Tuesday, U.S. time, Oracle, the American software giant, announced strong quarterly results and raised its revenue forecast for fiscal year 2027. Oracle expects revenue of $67 billion for the fiscal year ending May 2026. Additionally, Oracle’s executives raised the 2027 revenue forecast by $1 billion to $90 billion, surpassing analysts’ previous estimate of $86.6 billion from LSEG surveys.

NVIDIA Plans to Launch “Mysterious Chip” Possibly a New Architecture Designed for Inference

The GTC conference in San Jose, California, scheduled for mid-March, is one of the most anticipated events in AI. Previously, Jensen Huang announced the launch of a “world-unprecedented” new chip. This statement has sparked widespread speculation in the capital markets. The most mainstream view is that the chip planned for release at GTC is likely a new inference product integrated with Groq LPU (Language Processing Unit) design.

Apple Launches Its Most Affordable Product Ever; Laptop Price Falls Below 4,000 Yuan After Subsidy

On March 11, the iPhone 17e and MacBook Neo were officially released. Both products broke Apple’s usual price bottom line, both falling below 4,000 yuan after subsidies. A reporter from First Financial observed at an Apple Store in downtown Shanghai that, although not crowded, many curious consumers headed straight to the lowest-priced Apple laptops in history.

Seizing the Opportunity! Meta Acquires “Lobster” Social Network

The world’s largest social media company has now acquired what may be the most peculiar social network in the world. On Tuesday, Meta Platforms announced it had acquired Moltbook. Moltbook is an experimental platform that went viral last month, described as “Reddit for AI robots.”

U.S. Department of Defense Accelerates AI Deployment; Google Gemini Proxy to Enter Office Systems

Emil Michael, Deputy Secretary of Defense for Research and Engineering, revealed that Google plans to introduce AI proxies to 3 million Pentagon employees to automate daily tasks. Michael stated that Google’s Gemini AI proxy can independently complete tasks after user-set instructions. Initially, it will operate on “non-classified” networks, “starting with non-classified networks because most users are non-classified, then expanding to classified and top-secret levels.”