WS #13990
July PPI flat MoM (0.0% vs 0.2% expected), core 0.2% vs 0.3% expected, reducing Fed rate-hike odds and supporting risk assets. IREN delivers Horizon 1 to Microsoft, AWS reaches $169B revenue run-rate, AMD targets 80%+ server growth, Nebius AI cloud revenue surges 454%. Cisco falls ~6% on weak margin outlook despite solid Q4; Cerebras drops ~17% on worse-than-expected revenue, testing AI growth narrative.
US PPI cooler than expected
July PPI flat MoM (0.0% vs 0.2% expected), core 0.2% vs 0.3% expected, reducing Fed rate-hike odds and supporting risk assets.
IREN delivers Horizon 1 to Microsoft, AWS reaches $169B revenue run-rate, AMD targets 80%+ server growth, Nebius AI cloud revenue surges 454%.
Cisco falls ~6% on weak margin outlook despite solid Q4; Cerebras drops ~17% on worse-than-expected revenue, testing AI growth narrative.