The Yellen Effect Drives US Stock Market to All-Time High, Goldman Sachs CEO Says Market Has Entered 'Greed Mode'

BlockBeats News, June 3rd. Driven by the AI ​​boom, the US stock market continued to hit new record highs. The S&P 500 Index closed above 7600 points for the first time, with the Dow rising over 200 points to hit a new intraday high. The Japanese Nikkei 225 Index also hit a new all-time high on Wednesday.

At the Taipei Computex Expo, NVIDIA CEO Jensen Huang became the market focus. NVIDIA released a new PC processor developed in collaboration with Microsoft. Huang's statement about Marvell becoming the "next trillion-dollar market cap company" caused the company's stock price to soar by 32% in a single day, with an additional 9% increase in after-hours trading.

Goldman Sachs CEO David Solomon stated that investor sentiment has clearly entered a "greedy mode," indicating that the market is preparing for an unprecedented wave of financing for AI giants.

Meanwhile, the ongoing Middle East situation continues to disrupt the market. Trump and US Secretary of State Pompeo stated that US-Iran negotiations are still ongoing, but Iranian media reported that communication between the two sides has been cut off. Pompeo also mentioned that Iran has "widely" laid mines in the Strait of Hormuz and continues to attack commercial ships. Due to geopolitical risks, WTI crude oil and Brent crude oil prices both rose by about 1%, reaching $94.81 and $96.84, respectively.