The S&P 500 hits a new high after a constructive pause.
S&P futures rally, Kospi +22%, but market now penalizes AI capex plays lacking revenue: Cisco -6.4%, Cerebras crashes despite guidance hike. Tech managers: capex commitments alone don't sustain valuations—AI companies must show real revenue conversion and margin growth or face reset.
Nvidia partners Lumentum, Super Micro, CoreWeave were big earnings winners.
Small caps hit a new high Wednesday, but AI stocks dominated big gainers.
S&P 500 hit record (+0.66%) on inflation data supporting no September rate hike; Sandisk, Micron, Meta rallied on AI earnings. Tech leaders see clear runway for AI infrastructure capex and hiring; capital availability and stack decisions remain favorable.
“Things are going to get much more expensive, and that’s going to be a challenge for central banks going forward"
The S&P 500 has hit a historic peak, largely influenced by a surge in technology stocks. With producer price inflation showing stability, expectations of a Federal Reserve rate…
The stock market cleared a tight range, with the S&P 500 hitting new highs.
The S&P 500's streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied Materials saw its shares…