WS #14055
Soft July PPI/CPI data cools Fed rate hike expectations, weakening the dollar and supporting risk assets, but energy costs remain an upside risk. CoreWeave and Applied Materials report strong AI-driven demand, with CoreWeave guiding 8GW by 2030 and AMAT expecting $10.25B Q4 revenue, boosting AI hardware sentiment. Apple trains a China-specific LLM with Alibaba's support, a strategic move to regain ground in its most competitive overseas market.
US inflation data and Fed rate hike bets
Soft July PPI/CPI data cools Fed rate hike expectations, weakening the dollar and supporting risk assets, but energy costs remain an upside risk.
CoreWeave and Applied Materials report strong AI-driven demand, with CoreWeave guiding 8GW by 2030 and AMAT expecting $10.25B Q4 revenue, boosting AI hardware sentiment.
Apple trains a China-specific LLM with Alibaba's support, a strategic move to regain ground in its most competitive overseas market.