Wall Street: AI sector under pressure, Washington fights high yields
The enormous capital requirements continue to shape the AI sector. At the same time, the high yields on the bond market are weighing on the US stock exchanges. But one piece of news is now providing some relief.
US stock markets, particularly tech and AI stocks, started the week on a weaker note, amid high bond yields. A report from CNBC brought some relief, suggesting the US Treasury might use the Treasury General Account to buy government bonds, in addition to existing buybacks. Alibaba raised $10.3 billion through a capital increase to fund rising AI investments, while Softbank plans to raise $6.3 billion through a record bond sale for AI investments.
Nvidia will increase prices of certain AI server systems by 17% due to rising memory costs. Key events this week include Nvidia's earnings report on Wednesday and Fed Chair Kevin Warsh's speech in Jackson Hole on Friday.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
