WS #11256
OpenAI reportedly cut inference costs by ~50%, which could be misread as bearish for GPU demand but is likely bullish for AI adoption at scale. Shares of memory-related chip stocks are trading lower after reports that Meta will open a cloud business to sell excess AI compute, pressuring the sector. US June nonfarm payrolls added only 57,000 jobs vs 114,000 expected, weakening the case for Fed rate hikes and boosting gold above $4,100. Micron stock is down nearly 5% after Trump hyped the company while owning millions in stock, raising conflict-of-interest concerns. The EU's top court upheld Google's €4.1B Android antitrust fine, a negative for GOOGL.
OpenAI inference cost cut / AI demand elastic
OpenAI reportedly cut inference costs by ~50%, which could be misread as bearish for GPU demand but is likely bullish for AI adoption at scale.
Shares of memory-related chip stocks are trading lower after reports that Meta will open a cloud business to sell excess AI compute, pressuring the sector.
US June nonfarm payrolls added only 57,000 jobs vs 114,000 expected, weakening the case for Fed rate hikes and boosting gold above $4,100.
Micron stock is down nearly 5% after Trump hyped the company while owning millions in stock, raising conflict-of-interest concerns.
The EU's top court upheld Google's €4.1B Android antitrust fine, a negative for GOOGL.