BlockBeats news, September 18 — After the Federal Reserve's first interest rate hike in over three years landed, US stocks dipped before rebounding. As of September 17 Eastern Time, the S&P 500 was down about 0.3% from last Friday, the Nasdaq edged up about 0.3%, and the Dow fell about 1.5%. Early in the week, AI safety warnings, combined with rising oil prices and US Treasury yields, weighed on high-valuation growth stocks; on Thursday, oil prices and Treasury yields pulled back, and tech, semiconductors, and AI hardware rebounded collectively. Structurally, user focus extended from on-chain small caps to AI servers, Hong Kong large models, cybersecurity, and tokenized securities.
BNC (up about 12.9% for the week): CEA Industries closed at $4.80 last Friday, first closed at $5.27 on 9/14 this week, then fell back to $4.76 on 9/16, and rebounded again to $5.42 on 9/17. As an on-chain listed stock holding a large-scale BNB treasury, its small cap, low float, and expanded trading volume continued to amplify volatility, with short-term moves still mainly event-driven, and attention ranking first for two consecutive weeks.
DELL (up about 3.7% from last Friday, up about 10.1% from this week's low): Dell was dragged down by AI safety concerns on 9/14, closing down to $534.28; it then rose continuously, closing at $588.40 on 9/17, once approaching $594 intraday. AI server orders and expectations for enterprise hardware demand remain the pricing anchor, and after the rate hike landed, capital returned to the computing hardware chain with higher earnings visibility.
Zhipu (02513.HK, down about 1.6% from last Friday, rebounding about 14.7% from the week's low): The stock price dropped from HK$721 on 9/14, touched HK$680 on 9/15 before reversing, and closed at HK$780 on 9/18. Hong Kong large-model names remain sensitive to risk appetite, but an upward revision to ARR guidance and a return of sector capital drove a rebound from the bottom; digestion of high valuations and the pace of commercialization remain the core battleground.
CRWD (up about 18.8% for the week): CrowdStrike closed at $206.74 last Friday, rose on heavy volume to $235.38 on 9/14, then fluctuated upward, closing at $245.70 on 9/17, near a stage high. Sentiment in the cybersecurity sector was relatively stable, with Forrester's threat intelligence report and upward revisions to analyst target prices providing support; SaaS high valuations remain more volatile than the broader market amid interest rate disruptions.
Securitize (SECZ, rebounding about 14.9% from the week's low): The tokenized securities name fell to $7.77 on 9/16 before quickly turning positive, closing at $8.93 on 9/17. The catalyst came from the SEC's "Innovation Exemption" announced that day: allowing qualifying tokenized securities trading venues to conduct limited on-chain trading of tokenized US stocks within a five-year window. RWA-themed volatility increased significantly, and policy implementation, actual trading, and the pace of license approvals will still determine whether subsequent premiums can hold steady.

