WS #12166
June PPI came in cooler than expected (-0.3% MoM vs flat), reinforcing disinflation narrative and supporting a market rally with S&P 500 nearing all-time high. SpaceX shares fell below IPO price for the first time, wiping over $1 trillion in value, as investor enthusiasm fades amid concerns about debt-fueled AI infrastructure spending. DRAM spot prices surged 10x YoY, posing a binding structural constraint for NVIDIA through 2027, impacting margins and allocation, while Japan enterprises adopt NVIDIA Nemotron models.
Cooling US Inflation Data Boosts Markets
June PPI came in cooler than expected (-0.3% MoM vs flat), reinforcing disinflation narrative and supporting a market rally with S&P 500 nearing all-time high.
SpaceX shares fell below IPO price for the first time, wiping over $1 trillion in value, as investor enthusiasm fades amid concerns about debt-fueled AI infrastructure spending.
DRAM spot prices surged 10x YoY, posing a binding structural constraint for NVIDIA through 2027, impacting margins and allocation, while Japan enterprises adopt NVIDIA Nemotron models.