WS #12171
June PPI softer than expected, easing inflation fears and reducing Fed rate hike bets; stocks and bonds rally. Nvidia partners with Toyota's Woven City and pivots to AI compute toll model; positive for long-term growth. Micron shares fall 8% on concerns over Chinese rival CXMT's massive IPO and weakening memory chip pricing. China approves Apple Intelligence for iPhones, potentially boosting iPhone sales in China. IBM shares plunge 25% after CEO admits company fell behind, hit by delayed mainframe sales and AI capex competition.
Soft US PPI Data
June PPI softer than expected, easing inflation fears and reducing Fed rate hike bets; stocks and bonds rally.
Nvidia partners with Toyota's Woven City and pivots to AI compute toll model; positive for long-term growth.
Micron shares fall 8% on concerns over Chinese rival CXMT's massive IPO and weakening memory chip pricing.
China approves Apple Intelligence for iPhones, potentially boosting iPhone sales in China.
IBM shares plunge 25% after CEO admits company fell behind, hit by delayed mainframe sales and AI capex competition.