Surprise earnings from AI cloud provider CoreWeave eased anxieties surrounding AI growth prospects and capital raising, significantly lifting investor sentiment across tech stocks. Despite headwinds from Fed rate hike concerns and executive risk at Nvidia, robust demand for AI infrastructure continues to drive a stock market rebound.
AI cloud company CoreWeave reports strong Q3 results and raises full-year guidance, reviving sentiment in AI data center investments and triggering a rebound in tech stocks.
U.S. October CPI beats expectations, sustaining inflation concerns and driving up the likelihood of a December Fed rate hike alongside a strengthening U.S. dollar.
Nvidia CEO Jensen Huang faces warnings of a U.S. Congressional subpoena and Wall Street rating downgrades amid a personal scandal and alleged security leaks.
Bipartisan U.S. lawmakers advance three security bills centered on tightening oversight of AI chip exports to China and reinforcing semiconductor location tracking.
Global crude oil prices rebound as peace negotiations hit a snag following Iran's refusal to export enriched nuclear material and its conditions for sanctions relief.
Treasury yields surged as U.S. inflation data beat expectations and Federal Reserve officials made hawkish remarks, spreading monetary tightening caution across the market. However, investor sentiment revived in select sectors expected to see earnings improvements, driven by anticipation surrounding airline merger synergies and growth in the ESS market.
The U.S. 10-year Treasury yield surged to 4.98% as the U.S. October CPI rose 0.4% month-on-month, exceeding forecasts, accompanied by continued remarks from Federal Reserve officials advocating big-step rate hikes.
Shares of major airline affiliates hit 52-week highs, supported by the visible progress toward launching the merged Korean Air-Asiana carrier alongside stabilizing oil prices and exchange rates.
The energy storage system (ESS) business has emerged as a key earnings driver for battery manufacturers, propelled by the U.S. power grid's move away from Chinese supply chains and rising power procurement demand for AI data centers.
Cases of corporate share buybacks and cancellations of preferred stock are increasing due to the strengthened duty of loyalty for directors to shareholders under amended commercial law, raising expectations for resolving valuation discounts.
