WS #13820
Nvidia partners with Wall Street asset managers on a $500B AI infrastructure financing package, but the stock falls on circular financing and concentration risk concerns. Fed's Hammack says 'some number' of rate hikes may be needed, while Polymarket shows rising odds of a September hike, pressuring growth stocks and supporting financials. Intel announces $15B dilutive equity raise to fund AI buildout, pressuring its stock. Jefferies downgrades Apple to Sell, citing iPhone weakness, adding to tech sector pressure.
Nvidia AI infrastructure deal
Nvidia partners with Wall Street asset managers on a $500B AI infrastructure financing package, but the stock falls on circular financing and concentration risk concerns.
Fed's Hammack says 'some number' of rate hikes may be needed, while Polymarket shows rising odds of a September hike, pressuring growth stocks and supporting financials.
Intel announces $15B dilutive equity raise to fund AI buildout, pressuring its stock.
Jefferies downgrades Apple to Sell, citing iPhone weakness, adding to tech sector pressure.