U.S. Market Close | All three major indices edged lower, with the semiconductor index down nearly 3%; the optical communications sector opened higher but closed lower, as Coherent fell over 14% and Lumentum dropped more than 8%; escalating tensions in the
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%.
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.
The dollar rebounded to 159.36 yen amid uncertainty surrounding U.S.-Iran negotiations, rising crude oil prices, and higher interest rates.
[London Market Overview] In the London foreign exchange market on the 10th, the USD/JPY pair traded with slight firmness. Supported by resilient crude oil prices and U.S. long-term interest rates, the dollar saw buy-backs that pushed the pair from 158.42 yen to 158.89 yen. However, momentum stalled amid caution over the psychological barrier of 159 yen. The EUR/USD pair declined from $1.1565 to $1.1554, driven by dollar buying. The EUR/JPY pair followed the USD/JPY higher, rising from 183.17 yen to 183.63 yen, but gains were capped by concerns over potential currency intervention.
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NVIDIA partners with six Wall Street giants to raise $500 billion betting on AI infrastructure, as credit default swaps post their largest two-week gain.
NVIDIA is seeking to form a consortium with Wall Street giants including Apollo, Blackstone, Blackrock’s Global Infrastructure Partners (GIP), Brookfield, Goldman Sachs, and KKR to raise up to $500 billion for AI infrastructure projects, funding AI chip procurement, power generation, and data center construction. Following the announcement, NVIDIA’s share price fell as much as 3.2%, and its credit default swap spreads recorded their largest single-day increase in two weeks.
U.S. stocks retreated on the 10th, weighed down by rising crude oil prices and interest rates.
U.S. equities closed lower. The Dow Inc declined 60.95 to 53,975.98, while Nasdaq shed 85.26 points to close at 26,605.36. During negotiations to end the war, President Trump strongly condemned Iran for demanding war reparations, dampening hopes for an early peace agreement and driving the market lower after the open. Weighed down by rising crude oil prices and long-term interest rates, the market remained sluggish throughout the session. By sector, energy and pharmaceuticals and biotech advanced, while semi...
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Trump demands compensation from Iran and states it will be included in all future negotiation demands; Iran makes rapid leadership changes.
Trump stated that he had noted Iran's demand for compensation for losses incurred during military conflicts over the past five months, and he likewise demanded that Iran provide compensation—not only for casualties within those five months. Iran's Supreme Leader appointed six senior military commanders, spanning the General Staff of the Armed Forces, the Islamic Revolutionary Guard Corps (IRGC), and the Basij militia; former IRGC commander Rezaei was also appointed Secretary of Iran’s Supreme National Security Council. The Iranian president said the Supreme Leader had urged the nation to maintain unity.
Apple Stock Slides After Analyst Downgrade
For the first time since 1983! U.S. Strategic Petroleum Reserve falls below 300 million barrels; crude oil prices surge more than 4% intraday.
The U.S. Strategic Petroleum Reserve (SPR) hit a new low last week, falling below 300 million barrels for the first time since 1983. According to data from the U.S. Department of Energy, as of the week ending August 7, the SPR declined by approximately 6.1 million barrels to 298.3 million barrels—breaking through the 300-million-barrel mark and reaching its lowest level since 1983, drawing closer to the all-time low of around 270 million barrels recorded in April 1982. Following the release of this SPR data, international oil prices extended their gains. During the late morning session of U.S. stock trading, U.S. WTI crude oil futures briefly rose above $81.30 per barrel, while Brent crude climbed above $86.90 per barrel during the day.
Microsoft Stock Rises 2%: Upcoming Maia 300 Chip Launch Targets Reduced Nvidia Reliance
Express News | NVIDIA is reportedly partnering with Wall Street giants to plan a $500 billion AI infrastructure financing initiative.
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