The Dow rose +0.49% to a record high of 54,349, the S&P 500 fell -0.17%, and the Nasdaq fell -0.83%. Nvidia jumped +3.43%, while AMD dropped -7%.
This contrast needs explaining.
SpaceX announced today that its AI services will exclusively use Nvidia chips and will no longer use AMD.
Musk said a few months ago that SpaceX would use chips from both companies. Today he changed his stance.
One piece of news: Nvidia is up 3.43% and AMD is down 7%. Zero-sum, very clear.
Meanwhile, SpaceX’s earnings report came out today—revenue and profits beat expectations, but the stock price fell 13%. This is the year’s most classic “good earnings, bad reaction”—the market is trading the arrival of the news, not the earnings themselves. SPCX is now around $114, down about 49% from its all-time high of $225, and down about 15% from the IPO price of $135.
There’s also another important signal today: Kashkari, President of the Minneapolis Fed (a voting member for the 2026 FOMC), publicly stated that it should now “start gradually raising rates” to rein in inflation. This is the latest public expression of disagreement within the FOMC—he was one of the voting members who supported a rate hike in the 3-to-? vote last week.
Tomorrow is the most crucial data of the week: the July official Nonfarm Payrolls, expected to add 83,000 jobs, up sharply from June’s 57,000. If tomorrow comes in above expectations, the probability of a September rate hike will be further reinforced; if below expectations, the rate-hike narrative cools, and BTC benefits.
$BTC
$NVDAB
#美股收盘涨跌不一英伟达提振道指
This contrast needs explaining.
SpaceX announced today that its AI services will exclusively use Nvidia chips and will no longer use AMD.
Musk said a few months ago that SpaceX would use chips from both companies. Today he changed his stance.
One piece of news: Nvidia is up 3.43% and AMD is down 7%. Zero-sum, very clear.
Meanwhile, SpaceX’s earnings report came out today—revenue and profits beat expectations, but the stock price fell 13%. This is the year’s most classic “good earnings, bad reaction”—the market is trading the arrival of the news, not the earnings themselves. SPCX is now around $114, down about 49% from its all-time high of $225, and down about 15% from the IPO price of $135.
There’s also another important signal today: Kashkari, President of the Minneapolis Fed (a voting member for the 2026 FOMC), publicly stated that it should now “start gradually raising rates” to rein in inflation. This is the latest public expression of disagreement within the FOMC—he was one of the voting members who supported a rate hike in the 3-to-? vote last week.
Tomorrow is the most crucial data of the week: the July official Nonfarm Payrolls, expected to add 83,000 jobs, up sharply from June’s 57,000. If tomorrow comes in above expectations, the probability of a September rate hike will be further reinforced; if below expectations, the rate-hike narrative cools, and BTC benefits.
$BTC
$NVDAB
#美股收盘涨跌不一英伟达提振道指