Today's AI and US stock market insights: 1. US stocks skyrocketed despite the 10-year yield hitting 5.31%. QQQ hit a new high at 756, and NVDA reached a new high at 239. 2. SPCX surged another 7% to 172. Institutions are even giving it a target price of 300. Elon Musk revealed a collaboration with TSM on the massive chip factory Terafab. 3. AMD's Lisa Su mentioned shortages in supply and wafers. CPU demand > supply, with orders lined up until 2028, especially due to the lack of HBM. 4. Reflection AI, backed by NVIDIA, launched Beam to kick off the U.S. open-source AI defense battle. It's comparable to GLM-5.2 but still lags behind Kimi K3. 5. The surge is mainly driven by the "Magnificent Seven" heavyweight stocks. Meanwhile, 70% of Nasdaq stocks are below their 50-day moving average, showing weakness—not all tech stocks are rising.