Macro improvement+AI frenzy, will this round of bull market in the US stock market still wipe out all the short selling underwear? The latest PPI data is out, and inflation has cooled down, which undoubtedly gives a shot in the arm to the liquidity of the US stock market. BlockBeats also went viral, with the big pie pushed back above $65000 and risk appetite returning comprehensively. Let's talk about some of the most straightforward and hardcore logics: 1/NVDA: foam in the eyes of bears and new infrastructure in the eyes of bulls Many people are afraid of heights at 180 and shout to the top at 200, but today NVDA still stands steadily at $211. Don't talk about foam. Look at the orders: the computing capacity in 2026 has been completely robbed by big factories. Now we are queuing up to compete for 2027 and 2028. Institutions are crazily raising expectations: Wall Street giants Morgan Stanley and Goldman Sachs have already set their target prices at 250, and Cantor Fitzgerald has even shouted out 300. The core logic is that as long as major manufacturers continue to aggressively roll up CapEx graphics cards, NVDA's performance has not even peaked. 2/QQQ: The market is the most stable foundation The Nasdaq's QQQ surged to $715, with expectations of macro interest rate cuts as a fallback, and AI performance monetization reaching its upper limit. This is the standard 'Davis double click'. 3/Current operational strategy: Not guessing the top, not resistant to single. At this position, any pullback is an opportunity for you to get in the car. Next, we will focus on the earnings season of US tech giants. As long as their budget for buying GPUs is not cut, this computing power party must continue to thrive. Bears are always looking for clues of collapse, while bulls are already counting money.