U.S. Market Close | Stocks Extend Declines Amid Caution Ahead of CPI Data Release; KKR and Apollo Global Management Both Rise Over 6%; Chinese ADRs Slide, with Alibaba Down Over 3%; Middle East Tensions Provide Further Support to Oil Prices
The S&P 500 Index declined by 0.3%. Alphabet (Google) fell 3.84%, marking its largest single-day drop in nearly six months. Alternative asset management firms and the BDC sector rose across the board. KKR surged 6.92%, Apollo gained 6.23%, and Blackstone rose 3.89%. The yield on the 10-year U.S. Treasury note decreased by 2 basis points. WTI crude oil settled up approximately 1.5% at $83.40 per barrel, while Brent crude rose about 1.3% to $88.90.
Jensen Huang clarifies details of the $50 billion financing plan, and NVIDIA's credit risk eases.
Jensen Huang stated that NVIDIA’s support in the $500 billion AI infrastructure financing initiative would be 'capped at no more than 25% of any single project,' positioning the company in a supplementary role. Analysts noted that this clarification alleviated some market uncertainty, as NVIDIA has brought in multiple parties and its own exposure is not as severe as investors initially feared. Following the announcement, NVIDIA’s bond spreads and credit default swap prices both narrowed.
Nvidia's Chip Boom Is Spreading: JPMorgan Says These 6 Stocks Could Ride It
NVIDIA Corp. (NASDAQ:NVDA) may still be the face of the artificial intelligence chip boom, but JPMorgan says the next phase of the semiconductor rally could spread much further across the industry.•
SA Analyst Upgrades/downgrades: INTC, AMD, ANET, GILD
10 Information Technology Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
Nvidia's Masterstroke To Turn Itself Into An Asset Class—Characterizing This As Circular Financing Is Flawed
Masterstroke Creates More RiskPlease click here for an enlarged chart of NVIDIA Corp (NASDAQ:NVDA).Note the following:This article is about the big picture, not an individual stock. The chart of
Nvidia's Half-a-tril Deal Tackles Hyperscalers' Funding Bottleneck: Analysts
AI, Chip Stocks Mixed After Nvidia's $500B AI Financing Deal
Bitcoin's Biggest Rival Isn't Ethereum. It's the AI Trade
Bitcoin's biggest rival for investor attention may no longer be Ethereum (CRYPTO: ETH) or any other cryptocurrency. Increasingly, it's the AI trade.Bitcoin (CRYPTO: BTC) trades near $64,000, well
Rackspace Edges up Following Q2 Results
What's Going On With AMD Stock Tuesday?
Advanced Micro Devices Inc. (NASDAQ:AMD) stock rose nearly 1% in Tuesday's premarket trading as improving risk appetite lifted growth stocks. Nasdaq futures gained 0.39%, while S&P 500 futures rose 0.
Cerebras Sees Bullish Views at Wedbush Ahead of Earnings, Supernova Event
The AI Mexican Standoff: Who Blinks First in the $1 Trillion Market?
The largest AI profits are accumulating furthest from the customer, while the companies closest to the end user are absorbing the losses.That verdict is the latest insight from Apollo Chief
Riot Says Massive AI Data Center Deal Could Top $1 Billion In Annual Rent
Riot Platforms, Inc. (NASDAQ:RIOT) stock traded higher Tuesday after the company reported second-quarter results after Monday's market close. The rally may also have been supported by short-covering
Ming-Chi Kuo Challenges Report of $1 Billion in Apple Chips Stuck at TSMC: 'Tight Memory Supply Is Real,' But This Doesn't Add Up
On Monday, Apple Inc. (NASDAQ:AAPL) analyst Ming-Chi Kuo pushed back against a report that Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is holding about $1 billion in Apple processor work-in-
Top 20 by Trading Volume | NVIDIA partners with Wall Street giants to plan a $500 billion bet on AI infrastructure; SpaceX rises another 4%, pushing its share price back above the IPO level; Meta releases compact AI models; Intel issues $15 billion in add
NVIDIA, the most actively traded stock on U.S. markets, declined 2.86% with a turnover of $25.189 billion. On Monday, August 10, according to the Financial Times citing informed sources, Wall Street giants including Apollo, Blackstone, Global Infrastructure Partners (a BlackRock company), Brookfield Asset Management, Goldman Sachs, and KKR are in discussions with NVIDIA regarding a $500 billion AI infrastructure financing arrangement, which could be officially announced as early as today. The report noted that the participating firms will form a consortium to establish a dedicated investment fund, with proceeds earmarked specifically for AI chip procurement, power generation, and data center construction.
U.S. Market Close | All three major indices ended slightly lower, with the semiconductor index down nearly 3%; the optical communications sector opened higher but closed lower, as Coherent dropped over 14% and Lumentum fell more than 8%; escalating tensio
The semiconductor sector collectively suffered losses. Arm Holdings plunged 5.21%, leading the decline, followed by Marvell Technology down 4.65%. AMD and NVIDIA each fell 2.86%, Micron Technology dropped 1.89%, and Broadcom declined 1.25%. Optical communications emerged as the worst-performing subsector within the AI segment. The yield on the 10-year U.S. Treasury note rose by 3 basis points to 4.68%, while the 30-year yield hit 5.21%. WTI crude oil surged 5.26% to reclaim the $82 mark, with Brent crude rising in tandem by 5.14%.
Retail Investors Bought the July Dip in These 5 Stocks: Schwab Data
Retail investors continued to buy the dip in July, but the latest trading data from Charles Schwab suggests they were becoming choosier with their bets.The latest Schwab Trading Activity Index, or
Schwab Trading Activity Index up Modestly in July
Market Breadth Strengthens: Equal-weight S&P 500 Pulls Ahead of Market-weight Index