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On November 12, at the 23rd China International Semiconductor Expo (IC China 2026), Luo Xiaodong, Vice President of Changxin Technology, stated that due to the surge in global computing power demand, the computing power super cycle is entering a new "layered era."Luo Xiaodong pointed out that this layering is first reflected in the growth differentiation of segmented markets. Currently, the server market demand accounts for over 50%, prioritizing high-value scenarios such as AI large models and intelligent computing centers; the automotive market is expected to have a compound annual growth rate of about 30% by 2030; the penetration of AI functions in consumer electronics markets such as mobile phones and PCs is accelerating, but still exhibits significant cyclical volatility characteristics.

Tavi Costa, founder and CEO of Azuria Capital, stated that Bitcoin is currently "severely undervalued," and many previous supporters have chosen to give up. He expects that as the Federal Reserve's interest rate hike cycle comes to an end, both Bitcoin and silver will experience "dramatic volatility."Costa believes that the next decade will be dominated by two macro forces: a weakening dollar and suppressed yields. Against this backdrop, silver and mining stocks have become his favorite hard asset trading targets, and he claims that mining stocks appear to be a macro arbitrage opportunity.He also mentioned that gold has experienced about a 30% pullback during a long-term bull market, and the current situation of silver and Bitcoin is "very similar"; at the same time, he believes that there is no AI revolution without metals, and high-grade silver mines cannot be created out of thin air.

A Reuters survey shows that about 55% of the economists surveyed, or 56 out of 101, expect that the interest rate hike in December will mark the end of the current tightening cycle, a figure that is basically unchanged from last month.However, 45 economists still expect that the Federal Reserve will raise interest rates at least two more times, including more than half of the surveyed primary dealers, which is consistent with the expectations reflected in market pricing, and believe that the risks to the inflation outlook have not changed since the U.S. midterm elections. Changes in the political landscape are unlikely to quickly alleviate inflationary pressures.Despite market hopes that the nearly 9-month-long Middle East conflict could be resolved, leading to a drop of over 22% in crude oil futures prices from the late October peak, inflationary pressures still persist. A strong labor market, resilient economic growth, and inflation remaining above the Federal Reserve's 2% target for nearly six years all indicate that further tightening of monetary policy is still necessary.Wells Fargo Chief Economist Tom Porcelli stated, "The Federal Reserve's decision-making depends on the upcoming inflation data, which will prompt it to raise rates again. In fact, the Federal Reserve has every reason to raise rates at the October meeting."

According to a report by Decrypt, due to the long delivery cycle of new gas turbines, AI data center developers are turning to second-hand gas turbines and retired jet engines. Data from the energy consulting firm Wood Mackenzie shows that the average delivery time for new gas turbines in the United States has reached 6 years, with related delivery discussions focusing on 2030 and 2031. Reuters reports that global gas turbine orders have exceeded 100 gigawatts, while manufacturers' annual production capacity is estimated to be only 60 to 70 gigawatts. Siemens Energy, GE Vernova, and Mitsubishi Heavy Industries have all stated that order growth exceeds production capacity.One response is to retrofit gas turbines based on aircraft jet engine technology. AI infrastructure company Crusoe ordered 13 units from ProEnergy in Missouri in April, each with a rated power of 50 megawatts, totaling 650 megawatts, for future data centers in the United States. Equipment brokers and energy analysts say that well-maintained second-hand turbines sell for about $1.5 million to $1.7 million per megawatt, while new ones cost about $2 million to $2.5 million per megawatt.The International Energy Agency expects global data center electricity consumption to increase from 485 terawatt-hours in 2025 to 950 terawatt-hours in 2030, with electricity consumption for AI facilities expected to double during the same period. The U.S. Environmental Protection Agency states that stationary turbines and engines used by data centers must comply with federal air pollution standards. Finnish manufacturer Wärtsilä told Reuters that it has received orders for about 3 gigawatts of gas engine generators from U.S. data centers since spring 2025.

Gate announces the exclusive launch of stock event contracts for 10 popular underlying assets, including NVDA (NVIDIA), AAPL (Apple), GOOGL (Alphabet), MSFT (Microsoft), AMZN (Amazon), TSM (TSMC), SPCX (SpaceX), META (Meta), AVGO (Broadcom), and TSLA (Tesla), fully opening up 5-minute and 15-minute short-cycle bullish/bearish trading.As the first trading platform to support stock event contracts, Gate's product now covers two major sectors: crypto assets (7 types including BTC, ETH, SOL, etc.) and traditional stocks (14 types including Micron, SanDisk, SK Hynix, Yushutech, etc.). The product features no leverage, no margin required, allowing participation by merely predicting short-cycle price direction, and supports early closing for profit-taking and stop-loss. Trading hours cover pre-market, intraday, and after-hours for U.S. stocks (04:00--20:00 ET). Users can log in to the Gate official website or update the app to version 8.36.0 or above to participate.

According to the latest global storage market tracking report for the third quarter of 2026 released by market research firm Counterpoint Research, driven by strong demand for AI accelerators and data centers, as well as rising prices, DRAM revenue in the third quarter of 2026 increased nearly fivefold year-on-year.The agency stated that the current market is in a price-driven super cycle rather than a shipment-driven cycle. This quarter, DRAM bit shipments grew by only about 4%, but market revenue has approached $200 billion, approximately five times that of the same period last year.The report noted that AI has transformed storage from a commodity into a scarce high-value resource, with buyers now competing for supply assurance rather than repeatedly negotiating on price. With prices continuing to rise, suppliers are expected to set new profit records in the next quarter.

According to Bloomberg, Wang Ruomeng, an official from China's National Development and Reform Commission, stated on Tuesday that China is accelerating the legislation of artificial intelligence, implementing full lifecycle supervision on the development and application of AI, covering aspects such as data and computing power.This set of standards aims to prevent the risks of increasingly powerful AI losing control and is considered one of the more comprehensive AI safety guidelines currently available. Regulation will involve major developers such as DeepSeek, Dark Side of the Moon, and Alibaba, which are pushing to create products that can compete with the top models from OpenAI and Anthropic.

According to Bloomberg, Gerry Fowler, Chief European Equity Strategist and Head of Derivatives at UBS, stated that the market has underestimated the duration of the AI cycle, and AI trading remains robust. He pointed out that the valuation multiples of some hyperscale cloud vendors have fallen below 20 times, while revenue continues to grow by 10% to 20% annually, reflecting a rather pessimistic market expectation. Therefore, many investors are still willing to re-enter AI-related assets.Fowler believes that massive AI spending may be nearing a stage where it starts to yield returns, with a potential turning point in 2027: data center deliveries are expected to release backlogged orders, driving revenue to gradually catch up with capital expenditures. He mentioned that cash has not disappeared from the market but has shifted to suppliers like memory chip manufacturers, who are beginning to return cash to investors. The market pricing for memory chip companies also reflects what he believes is an overly short AI cycle.Regarding the next phase of beneficiaries, Fowler is more focused on global and European industrial companies that help build new factories. He noted that many infrastructure suppliers, such as those providing cables and electrical equipment, have orders booked through 2027 or even 2028, leaving limited room for upward revisions in profit forecasts. ASML benefits by supplying equipment to memory manufacturers like Samsung Electronics and SK Hynix, rather than directly supplying data centers; he stated that ASML and some European industrial companies are receiving upward revisions in expectations.

According to the cryptocurrency media Coin Bureau, the bottoms of Bitcoin in the past three cycles appeared shortly after the U.S. midterm elections, with 71 days after the election in 2014, 39 days in 2018, and 13 days in 2022.Coin Bureau stated that the next U.S. midterm elections are on November 3. If this pattern repeats, the end of 2026 to the beginning of 2027 may be a time window worth paying attention to for the next cycle bottom of Bitcoin.

Cryptocurrency trader Ansem shared in a post that the cryptocurrency market may have peaked earlier than the U.S. stock market in this cycle. If the recent rebound is merely a counter-trend bounce, and the U.S. stock market has just begun a larger-scale adjustment, then the cryptocurrency market may still face a new round of declines.Ansem pointed out that the risk appetite in this cycle has been largely driven by AI and the U.S. stock market trends, so it is worth considering the possibility that the cryptocurrency market does not peak in sync with the traditional stock market. However, he is not certain that the market will necessarily develop along this scenario and will remain open to judgment, paying attention to the price reactions of the two asset classes as they approach key price levels.He also stated that even if the cryptocurrency market and the U.S. stock market continue to decline in the short term, Bitcoin may bottom out before the overall stock market.

Renowned trader Ansem stated in the podcast "Market Bubble" that he has recently shifted from a bullish to a bearish stance, reducing his positions and taking profits over the past few days, while also shorting a portion.Regarding stocks, Ansem believes that mainstream targets have seen significant increases, accumulating a large amount of unrealized profits, and have hardly experienced any proper corrections. Now, significant de-risking and profit-taking are starting to occur. He thinks that the U.S. stock market may be at the tail end of the macro cycle, with funds withdrawing.For the cryptocurrency market, Ansem believes that crypto performed strongly in Q3, but it may just be a counter-trend rebound rather than the beginning of a new bull market. Crypto had previously outpaced the weakness in stocks, rebounding after being oversold; if stocks continue to weaken, they may drag crypto down with them, and Bitcoin could fall back to around $70,000. He also expressed continued optimism about tokenized stocks, viewing them as a key pathway to bring more traditional capital onto the blockchain, as well as a catalyst for the next wave of real users and capital inflow, and reiterated his positive outlook on ZEC, emphasizing its privacy Bitcoin attributes.

Nick Timiraos, the "Fed's Mouthpiece," stated that when Waller took office, it coincided with the Federal Reserve's shift to a tightening cycle; historically, such periods are often when "forward guidance" plays a key role. It is commonly believed that "forward guidance" originated during the ultra-loose monetary policy period of 2008-2009 and afterward, as the Federal Reserve heavily relied on this tool when interest rates hit the "zero lower bound." However, in reality, the history of forward guidance can be traced back to 1999.At that time, Federal Reserve officials wanted to retract the rate cuts made in 1998 while also avoiding the miscommunication that caught the market off guard during the rate hikes of 1994. Therefore, in May 1999, the Federal Reserve attempted for the first time to issue a policy statement after a meeting where interest rates were kept unchanged.Previously, the Federal Reserve would only release statements after meetings where interest rates were adjusted. Six weeks later, the Federal Reserve raised interest rates. The minutes from the May 1999 meeting indicated that officials were already aware of the high likelihood of a rate hike and hoped to guide market expectations accordingly. Officials did not want the market to misinterpret their policy intentions.

Fundstrat co-founder Tom Lee explained the reasons why BitMine (BMNR) hopes to maintain maximum exposure to Ethereum. He pointed out that Ethereum has previously risen 50 to 200 times during past crypto cycles, and even with a more conservative estimate of 25 times, the ETH price would reach approximately $62,000.If this scenario materializes, BitMine shareholders could potentially gain substantial returns solely from the Ethereum held by the company.

Cryptocurrency analyst Ali Charts stated that as the U.S. midterm elections on November 3 approach, investors may overlook the recurring phenomenon of Bitcoin pullbacks observed in previous election cycles. He believes that this election may once again be accompanied by significant volatility, and the downside risk is worth noting, with a key focus on the lower price level of $73,000. According to his statistics, during the U.S. midterm election cycles in 2010, 2014, 2018, and 2022, Bitcoin experienced pullbacks of 72%, 65%, 52%, and 27%, respectively.However, he emphasized that correlation does not imply causation; the election itself may not necessarily be the reason for the decline, as these pullbacks are also influenced by the overall market cycle of Bitcoin, liquidity conditions, and investor sentiment. Fourth-quarter returns also exhibit similar characteristics: in 2014, 2018, and 2022, Bitcoin fell by 16.7%, 42.16%, and 14.75% in the fourth quarter, respectively. The only exception was in 2010, when it rose by 391%, but Bitcoin was still in its early development stage at that time. Therefore, in the past four midterm election years, three of those years recorded negative returns in the fourth quarter.Regarding the subsequent trend, Ali Charts indicated that the area around $73,000 is close to the average purchase cost of current short-term Bitcoin holders, which can be used to observe the positions of recent investors entering the market. He pointed out that in an established bull market, Bitcoin often finds support near the cost of short-term holders after experiencing a significant pullback. He believes that if selling pressure accelerates after the election on November 3, pushing Bitcoin back down to around $73,000, that area will become an important position to test whether buyers are still willing to maintain the overall bullish trend. If the price continues to rebound from that area, it will strengthen the bullish judgment; in terms of operations, he will wait for signs of selling pressure exhaustion and renewed demand before considering establishing long positions.