AI frenzy ignores Middle East war, US stock market hits new high, Anthropic valuation approaches $1 trillion BlockBeats News: On May 29th, as the US Iran conflict escalated again and Iran launched missiles at US drones, US tech stocks continued to soar. The S&P 500 and Nasdaq both hit historic closing highs on Thursday, with AI concepts becoming the core driving force of the market. Among them, Snowflake surged by 36% in a single day due to the explosive demand for AI platforms and financial reports far exceeding expectations; Dell surged 31% after winning a $9.7 billion Pentagon contract and delivering strong financial reports, achieving its fastest sales growth since relisting in 2018. At the same time, AI startup Anthropic is valued at nearly $1 trillion in its latest funding round, surpassing OpenAI to become the highest valued AI company in Silicon Valley. Although the United States and Iran are reportedly close to reaching a 60 day ceasefire framework agreement, Iranian media reported that Iran has launched another missile attack, and the situation in the Middle East remains tense. Exxon warns that global oil inventories will drop to dangerous levels within weeks, potentially driving up oil prices further. In addition, the core PCE price index in the United States rose by 3.8% year-on-year in April, indicating that inflationary pressures have not yet eased, and the market expects the Federal Reserve to continue to maintain high interest rate policies. According to the latest survey by America, global family offices are making significant adjustments to their asset allocation, reducing their exposure to US assets and shifting towards emerging markets such as Latin America and Africa. The trend of "de dollarization" transactions continues to heat up. [Original link]