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Financial conditions in U.S. markets reached their easiest level since 1996, reversing a tightening trend from late July as stock prices surged and borrowing costs fell despite unchanged Fed rates.
Anthropic reported preliminary second-quarter revenue exceeding $11.5 billion, representing more than 14-fold growth year-over-year, as the Claude chatbot maker prepares for a potential IPO.
Nebius Group endorsed Bloom Energy’s fuel-cell technology for its New Jersey AI data center project, sending BE stock up 12.3% on August 12 amid broader AI infrastructure demand.
The XMAG ETF returned 15.95% year-to-date, outperforming both the S&P 500 and the MAGS Magnificent Seven fund, which rose 4.82% as Tesla’s decline weighed on equal-weighted holdings.
CoreWeave shares climbed 14% after the AI infrastructure provider reported quarterly revenue that doubled year-over-year, driven by strong demand for GPU computing capacity.
e.l.f. Beauty reported first-quarter fiscal 2027 results with 36% net sales growth, extending its streak to 30 consecutive quarters of growth. The company raised full-year guidance to 18%-20% growth.
