US Stock Market Move | In the field of artificial intelligence, many individual stocks have hit record highs. Oracle Corporation (ORCL.US) is up nearly 43%.

On Wednesday, several stocks in the field of artificial intelligence, cloud computing, and other areas on the US stock market hit new highs. The stock price of NVIDIA Corporation (NVDA.US) increased by 5%, reaching a 2-week high. Broadcom Inc. (AVGO.US) saw its stock price increase by 10.6%, setting a new record high. Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) also reached a new high with a 5.3% increase in stock price. Oracle Corporation (ORCL.US) had a nearly 43% increase, setting a new record high. On the news front, Oracle Corporation announced on September 10th that its quarterly remaining performance obligations reached $45 billion, a 359% year-on-year increase, with cloud infrastructure revenue increasing by 55%, driving up the AI chip sector as a whole. Furthermore, the market widely expects policymakers to decide on an interest rate cut at the upcoming meeting next week, in response to the rapid slowdown in the labor market. Federal Reserve Chairman Powell cautiously opened the door to a rate cut at the Jackson Hole Economic Symposium last month, and more recent data shows that the trend of slowing job growth continued into August.