The script of the US stock market closing this morning was even more thrilling than “The Wolf of Wall Street” – technology stocks collectively went wild, Tesla soared by nearly 7%, NVIDIA continued to write the “computing power myth”, while on the other side, Chinese concept stocks experienced a “roller coaster” ride.

Overnight, the three major US stock indices all soared. The Dow Jones Industrial Average rose by more than 700 points, and the Nasdaq Composite Index soared by nearly 2.5%. On the surface, it seems to be a “feast of technology stocks”, but a closer look reveals that hardware leaders like Tesla and NVIDIA are leading the gains, and behind this, there are two key logics.