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8/4
12:13
JPMorgan Chase notes that market concerns about "high investment, low return" in AI capital expenditure over the past year are changing. Latest data shows that hyperscale cloud service providers' cloud business backlogs have surged by over 150% year-on-year, reaching approximately $1.7 trillion, far exceeding the capital expenditure increase of about 80% over the same period. This significant gap indicates that the potential revenue returns from AI infrastructure investments are surpassing market expectations, and the valuation digestion pressure on tech giants may be nearing its end, with Mag 7's valuation multiples possibly having bottomed out. Amazon CEO Andy Jassy, on the Q2 earnings call, uncharacteristically raised the long-term outlook for AWS, expecting its annual revenue to reach $1 trillion. Despite continuous improvements in AI fundamentals, the S&P 500 Information Technology sector's forward P/E ratio has fallen to approximately 20x, near a one-year low, placing it in the 1st percentile of its historical valuation range, indicating a divergence between upward revisions in earnings expectations and valuation compression. JPMorgan Chase believes that if valuations recover to historical averages, large-cap tech stocks (excluding semiconductors) could see a potential upside of approximately 56%.
12:12
According to Nick Timiraos, Bessent stated on CNBC on Tuesday that the Fed's FIMA repo facility, when used for currency intervention, is a routine tool applied as intended. Bessent explained that the Fed's lending programs exist to "protect the U.S. economy and to keep any volatility offshore." He noted that the $60 billion cap on the facility dates back to 2020 when the bond market was smaller, making an increase in the cap "reasonable." Bessent described FIMA as a "completely secure lending facility," substantively similar to a swap line, and designed for such occasions.
12:10
Singapore's central bank, the Monetary Authority of Singapore (MAS), stated in a written reply to a parliamentary question that there is currently no need for a centralised digital service to enable consumers to view and manage their active recurring payment authorisations across financial institutions and payment service providers. MAS noted that consumers can already manage such arrangements directly through the digital platforms of major retail banks and payment service providers. However, MAS will continue to monitor developments and review the need for further measures if circumstances change.
12:06
Despite Bitcoin’s prolonged bear market, a fundamental shift is occurring beneath the surface, with hedge funds and asset managers quietly replacing retail traders as the dominant forces in the crypto market.
12:05
The program, launched today, aims to expand access to advanced computing, data, software, and expertise needed for AI-driven research and education through public-private partnerships. It will support state and multi-state university collaborations to strengthen the U.S. AI ecosystem and provide AI infrastructure, software, educational resources, and technical support to faculty, students, and researchers.
11:56
Despite Amazon hitting a new high during the day, CoreWeave and Rocket Lab are still trading 44% and 53% below their respective 52-week highs. Ark Invest added Amazon to all five of Wood's aggressive growth ETFs, making it her biggest purchase in four of them.
11:56
An analysis article published by Yahoo Finance points out that the nuclear energy market is recovering, driven by decarbonization initiatives, safer nuclear technology, and the rapid growth of the cloud infrastructure, artificial intelligence, and data center markets, which have a strong demand for electricity. Grand View Research expects the global nuclear energy market to grow at a compound annual growth rate of 4.9% between 2026 and 2033. The article recommends BWX Technologies (NYSE: BWXT) as a way to invest in this market, citing the company's dominant position in North American nuclear components, fuel systems, and naval reactor systems, and its backlog of orders growing by 50% year-over-year to $7.3 billion by the end of 2025. Analysts expect BWX's revenue and adjusted EBITDA to grow at compound annual rates of 12% and 11%, respectively, between 2025 and 2028.
11:46
Morgan Stanley estimates that US data centers will need an additional 68 gigawatts (GW) of electricity between 2026 and 2028. After accounting for projects under construction and available grid capacity, this leaves a 38 GW gap, which could result in a 1 GW to 11 GW supply deficit even after deploying all practical solutions. The investment bank's analysis suggests natural gas turbines are the largest lever to close this power gap, positioning GE Vernova, a dominant player in the large-frame gas turbine market with a multiyear order backlog, as a primary beneficiary. Bitcoin mining firms like Core Scientific and IREN are also noted for their existing grid connections, which could be repurposed for AI campuses.
11:46
Nigeria has approved the use of blockchain-based versions of traditional shares, allowing firms to offer these tokenized assets through NASD OTC Securities Exchange, the nation’s over-the-counter bourse.
11:45
Intel's stock price fell sharply in July, mainly due to a general sell-off in chip stocks and investor concerns about its excessive capital expenditure (capex). The company stated during its second-quarter earnings call that capex would exceed $20 billion this year, and that spending in 2027 would be "significantly higher than 2026 levels."
11:45
Corvex (NASDAQ:MOVE) announced the multi-year agreement, stating that the expansion will be financed through debt, customer prepayments, and existing cash, thereby avoiding additional equity issuance. The company has already recognized revenue from the agreement as cluster deliveries progressed, with full run-rate revenue expected to begin midway through the current quarter. Corvex also highlighted its ability to rapidly deploy high-density, liquid-cooled NVIDIA HGX B200 infrastructure within existing air-cooled data centers.
11:38
Tom Lee, head of research at Fundstrat, believes the U.S. stock market could reach new highs in August, outlining six potential drivers. He noted that despite the S&P 500 and Nasdaq being broadly flat over the past two months, consolidations are healthy as long as the economy is sound, and stocks are poised to respond to positive catalysts.
11:37
Matt Maley, chief market strategist at Miller Tabak, stated on CNBC that the AI infrastructure race initially had five or six major players, and he expects only one or two to ultimately emerge victorious. Maley believes that Amazon and Google have the "full package" and are poised to win this race. He noted that Amazon AWS revenue grew approximately 37% year-over-year in the latest quarter, with an operating profit margin close to 39%, and backlog orders increasing to about $496 billion, indicating strong revenue visibility. Additionally, Amazon's advertising revenue grew 26%, and third-party seller services and subscription revenue also provide growth momentum.

Maley listed Oracle as a potential "loser," pointing out that Oracle is concerned its main client (widely believed to be OpenAI) might abandon some data center lease commitments. He cited Oracle's own statements that its AI investments might not yield returns as expected by management. Oracle's Oracle Cloud Infrastructure (OCI) revenue grew approximately 93% year-over-year, and remaining performance obligations (RPO) surged to about $638 billion. However, there is a risk between its highly leveraged, long-term bet on AI infrastructure (lease obligations lasting 15-19 years) and shorter customer contract terms. If AI demand weakens or customers cut spending, it could lead to insufficient asset returns.
11:36
The analysis, which assessed five hyperscalers across AI infrastructure spending plans, funding, balance sheet capacity, and verifiable payoff, found a consistent ranking. Microsoft and Amazon were identified as the top performers due to strong cash flow, clean balance sheets, and transparent AI disclosures. Alphabet (Google) secured third place, benefiting from vast cash reserves and a dominant AI franchise, despite less transparent AI revenue breakdowns. Meta ranked fourth, recognized for its AI revenue generation proof but noted for a thinner cash cushion and rising debt. Oracle trailed, showing the weakest balance sheet and murkiest disclosure policy, with its potential upside concentrated in a single customer. The analysis emphasized that the ranking reflects durability and transparency in AI build-out, not market value or investment recommendation.
11:31
Data analysis company Palantir announced better-than-expected second-quarter earnings, with revenue and demand both accelerating. Deutsche Bank analyst Brad Zelnick said this further strengthens the view that Palantir is ahead of other software companies in translating artificial intelligence into customer value.
11:30
The deal, announced Tuesday, involves Evolution Mining Gold Operations Ltd acquiring over 15 million units of Arizona Gold & Silver at C$0.80 per unit through a non-brokered strategic private placement. Arizona Gold & Silver plans to use at least 90% of the proceeds (approximately C$10.8 million) to accelerate exploration at the Arizona project, with the remaining 10% for general and administrative expenses.

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