WS #13942
July CPI at 3.4% YoY in line, core at 2.5%, September hike odds fall to ~40%, but US budget deficit hits $432.3B in July, highest since March 2021, adding fiscal concerns. CoreWeave, Nebius, Super Micro, Lumentum, Cerebras surge on AI earnings; Nvidia's $500B financing deal threatens Alphabet's custom chip ambitions; Intel raises $20B. China halts purchases of US Nvidia chips, signaling a push for technological independence, though reports note continued dependence on Nvidia's CUDA ecosystem.
July CPI cools, Fed hike odds drop, budget deficit surges
July CPI at 3.4% YoY in line, core at 2.5%, September hike odds fall to ~40%, but US budget deficit hits $432.3B in July, highest since March 2021, adding fiscal concerns.
CoreWeave, Nebius, Super Micro, Lumentum, Cerebras surge on AI earnings; Nvidia's $500B financing deal threatens Alphabet's custom chip ambitions; Intel raises $20B.
China halts purchases of US Nvidia chips, signaling a push for technological independence, though reports note continued dependence on Nvidia's CUDA ecosystem.