KGWV · U.S. MARKET INTELLIGENCE
AI chipmaker Cerebras Systems reported its second quarterly earnings report since going public Wednesday after the market close. Although the company raised its full-year revenue guidance, quarterly revenue fell short of market expectations, sending its shares…
Google’s large-model development has been slowed by computing constraints and internal disagreements, according to the report. Google co-founder Sergey Brin has urged core AI employees to devote themselves fully to developing the Gemini large language model. B…
Following the release of U.S. July PPI data, the dollar index edged higher in short-term trading to 99.97. U.S. stock futures showed little short-term movement, with Nasdaq-100 futures holding near flat. The 10-year Treasury yield rose in short-term trading to…
Cleveland Fed President Hammack said, regarding Federal Reserve policy, “I believe we need to act now.” Hammack said the unemployment rate is the best measure of the labor market and is currently relatively stable.
The yen surged Thursday after Bloomberg reported that Japanese Prime Minister Sanae Takaichi supports the Bank of Japan raising interest rates in the near term, with the next move potentially coming in September or October, according to market participants. Th…
If you do not understand the moves in AI and chip stocks, you may no longer qualify as a “competent” U.S. health care investor. Drug-development pipelines and clinical trials may no longer be the biggest forces driving health care stocks. To keep up with the m…
Oracle and Amazon Web Services are expanding their long-term strategic partnership to accelerate customer migrations. Oracle AI Database@AWS is now available in 22 AWS regions and includes expanded capabilities, according to Bloomberg.
A Bank of England analysis says a burst in the artificial-intelligence stock bubble could spread to the U.K., affecting share prices, U.K. government bond yields and corporate credit markets. In a blog post, Bank of England staff said disappointing earnings fr…
The U.S. government could face an awkward moment Thursday night: issuing 30-year Treasury bonds at the highest borrowing cost since 2001. The Treasury is scheduled to sell $25 billion of 30-year bonds at its regular Thursday auction. In the when-issued market,…
U.S. chip stocks are once again nearing the edge of a technical bull market, buoyed by the optimism generated by recent corporate earnings reports. Shares across the sector—from computing leaders Nvidia and AMD to memory-chip manufacturers Micron Technology an…