Innlegg

📊 CPI Tonight: AI Infrastructure Financing Enters a New Phase After a sharp rebound, US stocks moved higher before giving back some gains. At the same time, differentiation across the AI supply chain is becoming more obvious, while capital continues to rotate between sectors. On the macro side, July nonfarm payrolls unexpectedly fell into negative territory, reducing concerns over further rate hikes. Now, all eyes are on tonight’s CPI report. If inflation comes in relatively soft, expectations for a September rate hike could weaken further, potentially supporting a recovery in growth-stock valuations. Meanwhile, AI infrastructure continues to show strong fundamentals. Optical-module and AI-server companies have delivered better-than-expected earnings, reinforcing the sector’s strong demand outlook. More importantly, major computing-power players have teamed up with six Wall Street giants to establish an independent AI financing platform. The initiative aims to tap more than $500 billion in external capital for data-center and chip purchases, signaling that large-scale AI infrastructure investment is moving into a new implementation phase. At the same time, developments around the open-source Nemotron 4 model could further increase demand for GPU computing power. As for concerns over “circular financing,” the long-term outlook remains constructive. The fundamental “selling shovels” thesis is still intact. Cloud providers continue to maintain high capital expenditure, while demand for upstream equipment and optical connectivity remains strong. Long deployment cycles and high certification barriers also give leading companies an advantage in maintaining pricing power. #Gold4400HavenBid #SECActsAsCLARITYWaits #CPIToResetFedBets