The S&P 500 gained 1% over the week, driven mainly by a rebound in tech stocks, especially the Magnificent Seven. This recovery came despite a midweek selloff triggered by Federal Reserve actions. Consumer discretionary stocks also surged, hinting at a possible expansion of market leadership beyond large-cap tech. Meanwhile, low volatility and value stocks outperformed, while high beta and growth stocks lagged, reflecting a cautious risk appetite. Non-US equities, particularly in Germany, outperformed, whereas commodities, small and mid-cap stocks, and Bitcoin underperformed.
Trust Carbon Infrastructure unveiled its HXS compute-efficiency layer, which reduces energy consumption by up to 50.5% and increases server throughput by 167% on NVIDIA H100 GPUs without changing AI model outputs. Tested on models from Alibaba, Meta,...
Uber has significantly increased its involvement in autonomous vehicle (AV) technology by partnering with and investing in over 30 AV companies worldwide since 2023. After selling its own AV division in 2020, Uber shifted focus back to AVs through st...
Samsung warns that the global shortage of RAM chips will continue into 2027 and may worsen, with tight supply expected until at least 2028. The surge in demand, driven by AI labs securing long-term contracts, is causing chip prices to rise, impacting...
As August begins, the market outlook is cautiously optimistic with expectations that macroeconomic factors will regain focus after the earnings season's idiosyncratic volatility fades. Key upcoming events like July's CPI, PCE data, and the Jackson Ho...
The buildout of AI infrastructure by major tech companies like Alphabet, Meta, and Microsoft is increasingly dependent on external financing, marking a shift from previous self-funding. BlackRock's recent data center bond priced at 7.53%, significant...
