WS #12243
Fed Vice Chair Jefferson's speech highlights the policy dilemma from overlapping energy and AI shocks, noting AI could be inflationary if demand effects precede productivity gains, but the US economy is less vulnerable to Middle East oil disruptions. Multiple MRVL insiders including CEO Matthew Murphy sold shares, with CEO selling 7,500 shares at $209.52. US chip and memory stocks slide with SMCI -8.22%, ORCL -6.25%, INTC -5.84% leading declines, as concerns over AI investment valuations persist. Microsoft's Nadella rips Anthropic's Fable restrictions in staff meeting, saying 'doesn't make sense'. China's open-weight Kimi model achieves frontier-level results, increasing competition for US AI companies.
Fed Jefferson Speech - Energy & AI Shocks
Fed Vice Chair Jefferson's speech highlights the policy dilemma from overlapping energy and AI shocks, noting AI could be inflationary if demand effects precede productivity gains, but the US economy is less vulnerable to Middle East oil disruptions.
Multiple MRVL insiders including CEO Matthew Murphy sold shares, with CEO selling 7,500 shares at $209.52.
US chip and memory stocks slide with SMCI -8.22%, ORCL -6.25%, INTC -5.84% leading declines, as concerns over AI investment valuations persist.
Microsoft's Nadella rips Anthropic's Fable restrictions in staff meeting, saying 'doesn't make sense'.
China's open-weight Kimi model achieves frontier-level results, increasing competition for US AI companies.