In the November Monthly Market, the US midterm elections and US CPI trends are expected to be key market catalysts, while AI investment trends and movements in long-term interest rates are expected to be the focus of market attention.
Attention will focus on the US midterm elections in November. Outcomes such as a Democratic landslide or Republicans retaining a majority could affect data-center construction regulations and the momentum of AI investment, requiring a cautious interpretation of these developments.
Over the medium term, US CPI trends are expected to test market sentiment as a US-generated catalyst. Long-term interest rates could move amid inflationary pressures, so attention should be paid to the relationship between long-term interest rates and stock prices.
NVIDIA is scheduled to announce its results for the August-October quarter in the middle of the month. Revenue and EPS are both expected to increase by approximately 90% year on year. If the strength of AI investment demand is confirmed once again, this could support semiconductor-related stocks.