US Stock Hotspots: The Triangle of AI Computing Power, Power Infrastructure, and the Crypto Ecosystem
AI Tech Giant: Nvidia's "Robotic Empire" Ambitions
Technological Moats: Blackwell-architecture GPUs dominate the AI training market, NVLink high-speed interconnect technology has become standard in data centers, and the company has recently entered the humanoid robot edge computing field (such as Tesla Optimus). The Isaac development platform builds a closed "hardware-simulation-deployment" loop.
Risk Points: Cloud computing giants are accelerating their in-house chip development efforts, while the UALink Alliance (including AMD and Intel) is attempting to break the technology monopoly. Executive share reductions this year have raised valuation concerns.
Power Upstart: Vistra's Data Center "Hidden Engine"
Demand Explosion: Data center electricity consumption has tripled in three years. As a non-regulated power provider, Vistra enjoys the benefits of market-based pricing, and its year-to-date gains have outperformed tech stocks.
Policy Gaming: Tighter electricity price controls could squeeze margins, and the cost of transitioning to renewable energy could rise sharply. Crypto Ecosystem Stocks: Circle's Stablecoin Dominance
Regulatory Dividends: Following the passage of the US GENIUS Act, compliant stablecoin issuer USDC became the preferred choice of institutions. The stock price of its parent company, Circle, soared after its IPO, reflecting the market's pursuit of "regulatory arbitrage."
Payment Revolution: Visa and Mastercard adopted USDC for cross-border settlements, and the expansion of enterprise applications drove valuation reconstruction.
💹 II. Cryptocurrency: Bitcoin's Volatility and Ethereum's Ecosystem Explosion
Bitcoin: High-Level Gambling Amid Institutional Hoarding
Price Resilience: Recent repeated testing of key support levels without breaking through, with significant institutional buying on dips (e.g., BlackRock increased its holdings by tens of thousands of coins in a single week).
On-Chain Signals: Long-Term Holders (LTH) are holding stable positions, exchange balances have fallen to year-to-date lows, and supply contraction is supporting prices.
Ethereum: Technological Upgrades and Short Squeezes Resonate
Pectra Upgrades Implemented: EIP-7702 simplifies smart contract interactions, and the validator staking limit has been increased, attracting institutional buying with technical improvements.
Derivatives Short Squeeze: Short positions in the futures market were liquidated in droves, causing prices to rise over 40% in 72 hours, with whale addresses reaching a new high for the year.
Altcoin Rotation: Solana and the DeFi Sector's Rally Logic
Fund Diversion: Bitcoin's market capitalization share has dropped to 60%, with funds shifting to high-beta assets. Solana's NFT toolkit and blockchain gaming applications are driving demand.
Regulatory Catalyst: A settlement between Ripple and the SEC could trigger a valuation recovery for payment tokens (such as XRP).
⚠️ III. Risk Warning: Undercurrents of Policy, Liquidity, and Technological Iteration
Macro Policy Inflection Point
Federal Reserve Rate Cut Expectations: If August CPI data exceeds expectations, the September rate cut may be postponed, suppressing risk asset valuations.
Tariff Lag Effect: New US tariffs may feed into inflation in Q3, triggering a "stagflation trade."
Crypto-Specific Risks
Leveraged Liquidation Wave: Bitcoin volatility has compressed to a year-to-date low. If a breakout is accompanied by insufficient volume, it could easily trigger a double-edged sword. ETF Fund Fluctuations: BlackRock's Bitcoin ETF's inflows turned negative this week; caution should be taken regarding short-term liquidity withdrawals.
Threat of Technological Substitution
AI Chip Competition: If cloud computing giants exceed expectations for mass production of their own chips, this could weaken Nvidia's influence in data centers, indirectly impacting the valuation of the computing power chain.
📊 Institutional Game Map: Consensus and Divergence
Targets, Long Logic, Short Opportunities
Nvidia: Robotics ecosystem disrupts manufacturing; valuation overdrafts growth over the next three years
Vistra: Rigid electricity demand + continued pricing power; policy intervention risks unpriced
Ethereum: Staking returns + ETF fund rotation; Layer2 competition dilutes ecosystem value
📅 Key Events and Strategic Implications
August 13 US CPI: If the data falls short of expectations, it will be positive for risky assets; otherwise, it may trigger a correction in crypto stocks.
August 15 Ripple-SEC Report: Signals of a settlement will boost XRP and payment tokens.
August 21 Federal Reserve Annual Meeting: If Powell's speech hints at a rate cut, both tech and crypto markets may surge. Biya is a very convenient and easy-to-use tool, particularly for US and Hong Kong stocks. It allows you to access more news, eliminating the need for multiple platforms. It's incredibly convenient and practical.
Conclusion: The current market is in a dynamic symbiosis between "AI hardware iteration and the institutionalization of crypto assets."
US stocks: Focus on power infrastructure (Vistra), AI computing power (Nvidia), and stablecoin compliance dividends (Circle).
Crypto market: Bitcoin is poised to challenge previous highs after holding support, with Ethereum's ecosystem upgrades and Solana's rebound contributing to excess returns. Biya is still very useful.
Risk hedging: Be wary of August CPI and Fed policy fluctuations, and allocate to gold stocks (such as Newmont) to hedge against stagflation risks.
(Analysis based on institutional research reports and market data, not investment advice)