In the bond market, a surge of AI-related expectations is translating into higher real yields, according to Ben Emons of NewEdge Wealth.
“‘You could ask who is really running the show? Jerome Powell or Jensen Huang? Amazingly, it may not be Powell, but Jensen Huang who is driving Fed expectations.’”
Higher real yields in the U.S. are a key reason why 10- BX:TMUBMUSD10Y and 30-year Treasury yields BX:TMUBMUSD30Y climbed to multi-year highs through Monday. Real yields, as measured by rates of Treasury inflation-protected securities, offer a glimpse of how the market expects the U.S. to perform when inflation isn’t a factor.
A chart provided by Emons shows how the median estimate of analysts for Nvidia’s earnings-per-share in the fiscal second quarter has been rising alongside the market-implied probabilities of a November Fed rate hike.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breaking down how Nvidia became a leader in AI hardware.Nvidia’s AI lead pushed it to become a $1 trillion company, while its H100 chips are so in demand they can be used as collateral even as the next-gen Nvidia GH200 sits on the horizon. Now the New York Times describes how it’s established a monstrous lead over other chipmakers, extending a victory tour of editorial recounting Nvidia “hand-delivering processors to Elon Musk and Sam Altman,” how it started in a Denny’s, and CEO Jensen Huang’s SIGGRAPH keynote outlining its decision to focus on AI.
Read more »
Empowering the Marginalized in S.L. Huang’s The Water OutlawsPaste Magazine is your source for the best music, movies, TV, comedy, videogames, books, comics, craft beer, politics and more. Discover your favorite albums and films.
Read more »
Empowering the Marginalized in S.L. Huang’s The Water OutlawsThe Water Outlaws, S.L. Huang's retelling of the Chinese novel The Water Margin, centers its story on traditionally marginalized figures.
Read more »
S&P 500 rides Nvidia surge, shrugging off jolt in Treasury yields to 16-year highs By Investing.comS&P 500 rides Nvidia surge, shrugging off jolt in Treasury yields to 16-year highs
Read more »
This Week: US home sales, Nvidia earns, durable goods ordersThe National Association of Realtors releases its July tally of existing U.S. home sales Tuesday. Nvidia reports quarterly results Wednesday.
Read more »
How Nvidia's AI Strategy Fueled Its $1 Trillion ValuationChip maker Nvidia broke into the exclusive club of companies that have a $1 trillion market cap. WSJ’s Asa Fitch breaks down how Nvidia got there—and why AI is
Read more »