Will the Next Wave of AI Winners Emerge? PIMCO Avoids U.S. Tech Giants, Bets Heavily on Asian ‘Pick-and-Shovel’ Providers

Amid elevated valuations for U.S. tech giants, the Asian AI supply chain—particularly in semiconductors and data center infrastructure—is attracting increased attention.

wallstreetcn14:55

Musk Warns of AI Power Shortfall! Global Surge in Grid Construction Sparks Investment Opportunities in Computing-Power Synergy

The rapid development of AI is driving unprecedented electricity demand, making the urgent expansion and upgrading of global power grids imperative.

cls.cn13:33

Timeline for "largest IPO in history" changes; Anthropic reportedly to start roadshow as early as mid-October

Anthropic is expected to begin marketing its initial public offering (IPO) as early as mid-October, with the listing scheduled to be completed a few days before the U.S. midterm elections in November.

cls.cn09:39

Express News | According to reports, Anthropic is expected to file its IPO prospectus in late September and could begin its IPO roadshow as early as mid-October.

Breakings06:47

Non-farm payrolls data rattled the broader U.S. stock market, yet AI hardware stocks surged against the trend. The semiconductor index rose more than 3%, with SanDisk jumping 12%.

The prospect of Federal Reserve rate hikes has weighed on overall valuations and certain software growth stocks, while the industrial logic underpinning demand for AI computing power, storage, and data center interconnectivity remains intact despite interest rate expectations. SK Hynix, a memory chip manufacturer, closed up more than 8%, and Coherent, an optical communications company, rose 6.6%. Market participants noted that the strong performance of chip stocks on Friday had "nothing to do" with the non-farm payrolls data, but was instead driven primarily by the ongoing sector rotation between semiconductors and software.

wallstreetcn06:13

U.S. Stock Market Close | Non-farm payrolls weigh on indices; Philadelphia Semiconductor Index rises 3% against the trend; AI trades become a safe haven for capital, with SanDisk surging 12%, Micron Technology up over 6%, and Bloom Energy up over 7%; Gold

The three major indices ended their two-day winning streak. The S&P 500 fell 0.38%, and the Dow Jones Industrial Average dropped 0.51%. The Philadelphia Semiconductor Index rose 3.37%, with none of its 30 component stocks declining. Marvell Technology, an optical communications stock, surged 7.05%, while Corning gained 5.67%. Memory chip maker SanDisk jumped 11.90%. WTI crude oil dipped to $88.72 per barrel during intraday trading, marking a decline of over 2.5% for the day, before recovering nearly all of its losses. The yield on the 2-year Treasury note rose by 3.4 basis points, reaching an intraday high of 4.416%, the highest level since January 2025.

wallstreetcn06:09