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Meta's planned entry into AI cloud infrastructure triggered a sell-off in CoreWeave's bonds, with prices falling for two consecutive days. This has sparked investor concerns about heightened competition in the AI compute market and the financial sustainability of specialized providers, leading to a reassessment of valuations within the AI boom.
Read MoreWeaker-than-expected US non-farm payrolls data for June reduced bets on Federal Reserve rate hikes, triggering a sharp rally in gold and silver prices. Spot gold surpassed $4140/oz, silver hit $62/oz, lifting mining stocks like Harmony Gold and New Pacific Metals.
Read MoreOn July 2nd, spot silver prices surged nearly 5%, breaking above $62 per ounce for the first time since June 24th. This article analyzes the key market drivers behind the rally and explores potential trends ahead.
Read MoreRecent semiconductor stock rebounds contrast with concerns over Meta's plan to sell AI compute. Analysts view this not as peak demand, but as a maturation of AI infrastructure into a commercial, platform-based asset, signaling a new phase for the industry.
Read MoreU.S. job growth slowed sharply to 57,000 in June, well below forecasts. The weak data, coupled with downward revisions, has significantly reduced the case for a Fed rate hike this month. Markets now price in less than a 20% chance of a July move, shifting focus to September.
Read MoreMicrosoft is forming a new 6,000-person unit dedicated to helping enterprise clients with AI strategy and technical deployment. This expert team combines engineering, industry knowledge, and training to accelerate real-world AI implementation and inform Microsoft's own product development.
Read MoreCFTC Chair Mike Selig criticized an Illinois bill imposing high taxes on blockchain transactions, warning it could stifle innovation and undermine Chicago's competitiveness as a major financial hub.
Read MoreU.S. non-farm payrolls fell far short of expectations, adding only 57k jobs. This weak data, coupled with dovish comments from the Fed, eased rate hike fears and ignited a rally in gold and silver, driving safe-haven demand.
Read MoreOn July 2nd, FTSE China A50 Index Futures demonstrated robust performance, surging over 0.75% during the session. This notable gain reflects growing market optimism towards China's core assets, potentially driven by policy expectations and capital flows, offering a key signal for investors monitoring A-share trends.
Read MoreSpot gold surged past $4,130 per ounce on July 2nd, marking a 2.45% intraday gain. Since the release of the latest US jobs report, the precious metal has rallied nearly $60, driven by strong safe-haven demand as market sentiment shifted.
Read MoreIntel's stock rose approximately 3% in pre-market trading on July 2nd, drawing investor attention. This movement may reflect shifting market expectations regarding the company's recent developments or broader industry trends.
Read MoreSpot gold surged past $4,130 per ounce, posting an intraday gain of 2.45%. The rally, adding nearly $60 since the US Non-Farm Payrolls data release, highlights strong safe-haven demand amid shifting market expectations.
Read MoreFederal Reserve official Mary Daly stated that robust U.S. investment growth is unlikely to slow. She noted potential benefits from eased tensions in the Strait of Hormuz but emphasized the need for more aggressive action against persistent inflation.
Read MoreFederal Reserve official Daly highlights that we are in the early stages of AI-driven exponential productivity growth. She addresses inflation concerns from massive AI investment and stresses the need for monetary policy to balance inflation control with economic support. The timing of central bank actions will critically shape the impact on public welfare.
Read MoreAfter significant declines in the previous session, compute infrastructure providers Nebius and CoreWeave saw pre-market gains of 3% and 2%, respectively. This rebound highlights shifting sentiment in the cloud and AI infrastructure sector, drawing investor attention to potential opportunities amid recent volatility.
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