The early trading trend of the US stock market was weak, and chip stocks continued to be sold off, causing investors to question the prospects of artificial intelligence trading. At 10:04 New York time, the S&P 500 index was basically flat, the Nasdaq 100 index fell 0.9%, and the Dow rose 0.6%. The chip giant's decline has entered its eighth day and is the longest since 2008. CoreWeave Inc. plummeted 7.5%, and the market continues to worry about whether large-scale AI infrastructure construction has gone too far, before companies can achieve return on investment. Earlier, Federal Reserve Chairman Kevin Walsh delivered a speech during the International Monetary Fund's annual meeting, but this did not dispel market expectations that the Federal Reserve will keep interest rates unchanged at the end of this month. Andrew Tyler, head of global market intelligence at J.P. Morgan Chase, wrote: “Federal Reserve Chairman Walsh's speech at the IMF last night strengthened the market's expectations that October will not stand still. We will continue to focus on opportunities to buy selectively on dips.” Brian Jacobsen of Annex Wealth Management said, “The most interesting thing this week was not the inflation data or the Fed's statement, but the market's reaction to it. As some AI-related stocks retreated, investors turned their capital to healthcare, finance, raw materials, and small-cap stocks, and the performance of these sectors was relatively stronger.” Bank of America's Michael Hartnett believes that risk aversion is expected to dominate the market in the next few weeks, and investors will seek to avoid risks brought about by the cooling of AI transactions, rising interest rates, and fluctuations related to the US midterm elections.

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