WS #14014
AI infrastructure names like Micron and Sandisk surge, while Cisco falls on margin pressure and Anthropic's IPO valuation raises concerns. Flat July PPI reinforces expectations for a Fed hold in September, supporting equity markets. Reports of delayed iPhone 18 launch and Apple's talks to pay publishers for Siri AI content signal strategic shifts.
AI trade bifurcation
AI infrastructure names like Micron and Sandisk surge, while Cisco falls on margin pressure and Anthropic's IPO valuation raises concerns.
Flat July PPI reinforces expectations for a Fed hold in September, supporting equity markets.
Reports of delayed iPhone 18 launch and Apple's talks to pay publishers for Siri AI content signal strategic shifts.