In July, global stock markets maintained a steady upward trend, with the U.S. Dow Jones Industrial Average achieving a record-breaking 13 consecutive trading days of gains, the longest winning streak since 1987. The market exhibited relative calmness this month, with a focus on interest rate and inflation data releases, as well as the minutes from the Federal Reserve’s policy meetings. Furthermore, economic data released this month indicated that despite rising borrowing costs, the U.S. economy is likely to achieve a soft landing and avoid recession. The U.S. Department of Commerce reported a year-on-year growth rate of 2.4% for the current quarter, significantly higher than the previous quarter’s 2.0% and the market’s expectation of approximately 1.8%. Both businesses and consumers continue to demonstrate positive sentiment.

Benefiting from the resurgence in the international travel market, leading online short-term rental platform Airbnb performed exceptionally well this month. The company has capitalized on the past year’s recovery in the tourism sector, and its annual revenue is projected to grow by more than 10%. Additionally, its extensive user base provides a stable source of income. Airbnb’s unique business model, offering personalized travel experiences, gives it an irreplaceable advantage in the competitive landscape.

In addition to the travel consumer market, AI-related stocks also exhibited positive momentum in July. The anticipated industrial upgrade brought about by artificial intelligence is gradually expanding into other market segments, such as the gaming sector. In collaboration with Microsoft, NVIDIA’s engineers introduced the Minecraft robot named “Voyager,” powered by GPT-4, which can automatically respond to players’ inquiries and requests and exhibit more than three times the task processing capacity of previous AI assistants. Furthermore, Voyager can be adapted into a software assistant to automate tasks through PC or mobile operating systems, showcasing the robust general capabilities of AI and its potential for rapid adoption across various industries.