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BlockBeats News, May 29th. According to CME FedWatch Tool data, the market's expectations for interest rate cuts this year have been almost entirely erased, with some even contemplating a potential 75 basis point rate hike. Currently, the probability of the Fed holding rates steady through the end of 2026 is 51.9%. The probability of a cumulative 25 basis point rate cut throughout the year is only 0.5%, while the probabilities of a cumulative 25 basis point rate hike, 50 basis point rate hike, and 75 basis point rate hike are 37.3%, 9.3%, and 1%, respectively. Furthermore, the probability of a 25 basis point rate cut at the next Fed meeting in June is 1.1%.

Golden Finance, May 28｜Morgan Stanley raised Snowflake's target price from $245 to $300 and maintained an "Overweight" rating. (Golden Finance)

Glonghui, May 28 — According to reports, SanDisk CTO and Executive Vice President Alper Ilkbahar stated that the global AI race is increasingly centered on memory rather than computing power, a trend that may intensify the unprecedented global shortage in memory chip supply. Relying solely on graphics processing units (GPU), central processing units (CPU), and raw computing power is not enough to handle the increasingly complex AI workloads. He believes that the next big thing will be high-bandwidth flash (HBF) memory. Chips are currently being designed, with HBF memory samples expected to be available by the end of this year, and full products equipped with controllers to be launched next year. HBF is able to provide much higher capacity and memory density than high-bandwidth memory (HBM), while maintaining a similar bandwidth, making it better suited for future AI inference needs.