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Key events of this week: โช๏ธNvidia ( $NVDA ), Wednesday - the main corporate event of the week. The results will show whether strong demand for AI chips continues and what the pace of spending on AI infrastructure looks like. โช๏ธPCE, Wednesday - the key inflation indicator for the Fed. Hotter-than-expected data could reduce the chances of a policy easing in September. โช๏ธJackson Hole, throughout the week - a gathering of central bankers and economists, where investors will look for signals about the Fedโs future policy. โช๏ธConsumer Confidence, Tuesday - an assessment of U.S. consumersโ sentiment amid high prices and fuel costs.
The head of $OPENAI Altman admitted that he overestimated the impact speed of artificial intelligence on the global economy. In his words, the inertia of business and consumer habits slow down the market transformation - Altman.
Open interest in cryptocurrency futures on decentralized exchanges has returned to early-year highs. According to analysts, the growth is driven by the opening of long-term positions โ CryptoRank. $HYPE $ASTER
In June, Trump carried out 1,051 securities transactions worth from $78.1 million to $263.1 million. Among the purchases were shares of Berkshire Hathaway ( $BRKB ), Visa (V), Mastercard (MA) and Cintas (CTAS), and the largest sale was a stake in the Vanguard Dividend Appreciation Index Fund ETF for $5โ25 million.
Nvidia ( $NVDA ) informed customers about an increase in prices for AI products by more than 15% due to higher memory costs. The change will affect systems with Vera Rubin and Grace Blackwell chips starting next year.
Nvidia has signed a $6 billion deal with the startup Poolside to develop a powerful open-source AI model. The company will receive the startupโs technologies and will bring in its engineers to create a competitor to Chinese developments DeepSeek and Kimi K3 - WSJ.
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The ChatGPT app for macOS received integration with Appleโs iMessage $AAPL . A neural network can analyze correspondence and communicate with contacts on behalf of the user.