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.

wallstreetcn06:37

Top 20 by Trading Volume | Google drops over 3%; CEO says Gemini has surpassed 1 billion monthly active users; NVIDIA reportedly developing trillion-parameter open-source model Nemotron 4; memory stocks rebound, with SanDisk up nearly 3%

Micron Technology, the second most actively traded stock on U.S. markets on Tuesday, rose 0.87% with a trading volume of $25.18 billion. On August 11, at KeyBanc Capital Markets’ annual Technology Leadership Forum, Sumit Sadana, Executive Vice President and Chief Business Officer of Micron Technology, stated that due to sustained strong demand driven by the artificial intelligence boom and the industry’s inability to expand capacity quickly enough, the tight supply conditions in the memory chip market are expected to persist beyond 2027.

Global Market Update05:53

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.

wallstreetcn02:57

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.

Futu NewsAug 11 06:50

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%.

wallstreetcnAug 11 06:38

From GPUs to storage, and from semiconductor equipment to cloud computing! Asset management giant BlackRock increased its AI computing power holdings in Q2, accurately anticipating the rise of cloud giants.

Among BlackRock's top ten equity holdings in the second quarter, the asset management giant sent a very clear signal of 'further increasing its bets on AI computing infrastructure and cloud computing giants.'

Zhitong FinanceAug 10 17:30