WS #13975
Strong AI earnings from Super Micro and CoreWeave, plus Anthropic's Decart acquisition talks, fuel a global chip rally with Kospi up 4.4%. July CPI at 3.4% YoY, in line with expectations, reduces September Fed hike odds to ~40%, supporting risk assets and Asian markets. Over 40 S&P 500 companies booked ~$9.6B in tariff refunds, a one-off earnings tailwind for Apple, Nike, and FedEx.
AI Infrastructure and Chip Rally
Strong AI earnings from Super Micro and CoreWeave, plus Anthropic's Decart acquisition talks, fuel a global chip rally with Kospi up 4.4%.
July CPI at 3.4% YoY, in line with expectations, reduces September Fed hike odds to ~40%, supporting risk assets and Asian markets.
Over 40 S&P 500 companies booked ~$9.6B in tariff refunds, a one-off earnings tailwind for Apple, Nike, and FedEx.