US500 slipped on AI-bubble fears and the Hawkish FedUS 500CAPITALCOM:US500inkicho_exness Stocks weakened last week as the Fed’s revived hawkish tone and mounting concerns over stretched AI valuations outweighed strong earnings from major AI names. Despite upbeat 3Q results, fears of an AI bubble continued to build. AMD CEO Su highlighted insatiable demand for AI chips, projecting the data-center market to reach 1tln USD by 2030 and forecasting an average annual growth rate of 35% for AMD over the next five years. Morgan Stanley warned of an impending power shortage within a year as AI expansion accelerates. while Microsoft CEO Nadella pointed out that the biggest bottleneck is not compute capacity but power, noting that parts of the company’s GPU inventory lack sufficient power connectivity. US500 briefly retested the support at 6650 before rebounding. EMA21 has death-crossed EMA78, indicating a potential shift toward a bearish structure. If US500 fails to close above the support at 6700, the index could retreat toward 6650. Conversely, if US500 breaches above both EMAs and the resistance at 6800, the index may advance toward the following resistance at 6920.