WS #13337
Amazon crosses $3T market cap on strong Q2 earnings and raised capex, signaling AI spending payoff and boosting tech sentiment. Fed's hawkish pause with 3 dissenters and Williams' rate hike warning keep 10Y elevated near 4.7%, pressuring growth stocks. Alibaba's Qwen3.8-Max release and Hugging Face CEO's claim that China is winning the AI race intensify US-China AI competition, pressuring US AI leaders.
Amazon $3T market cap and AI capex optimism
Amazon crosses $3T market cap on strong Q2 earnings and raised capex, signaling AI spending payoff and boosting tech sentiment.
Fed's hawkish pause with 3 dissenters and Williams' rate hike warning keep 10Y elevated near 4.7%, pressuring growth stocks.
Alibaba's Qwen3.8-Max release and Hugging Face CEO's claim that China is winning the AI race intensify US-China AI competition, pressuring US AI leaders.