WS #15432
US equities recovered from early losses to close higher, supported by a reversal in Treasury yields and a massive new demand signal for Nvidia chips. Apollo Global Management and Pimco are reportedly in talks to borrow $40 billion to purchase Nvidia hardware, a move that underscores the insatiable demand for AI infrastructure despite high interest rates. Micron led the semiconductor sector with a 3% gain, reinforcing the bullish outlook for the chip supply chain.
US Equity Recovery and Chip Demand
US equities recovered from early losses to close higher, supported by a reversal in Treasury yields and a massive new demand signal for Nvidia chips. Apollo Global Management and Pimco are reportedly in talks to borrow $40 billion to purchase Nvidia hardware, a move that underscores the insatiable demand for AI infrastructure despite high interest rates. Micron led the semiconductor sector with a 3% gain, reinforcing the bullish outlook for the chip supply chain.