Coreweave, Super Micro Computer Earnings Fuel Global Tech Rally | Daybreak Europe 8/12/2026
Bloomberg Television·2026-08-12 10:37

Market Trends and Macroeconomics - Brent crude oil prices approached 90 dollars per barrel amid ongoing uncertainty in the Strait of Hormuz [29] - The United States 10-year Treasury yield decreased to 4.68 percent, while the 30-year Treasury yield maintained multi-year highs not seen since 2008 [2][20] - Traders priced a 50-50 probability for a September Federal Reserve rate hike ahead of the United States Consumer Price Index release, where economists projected annualized headline inflation at 3.4 percent [1][15] Industry Dynamics and Technology - South Korea planned to deploy between 600 billion South Korean won (lower end) and over 1 trillion South Korean won (higher end) of fresh capital into a new sovereign wealth fund targeting Series B and strategic AI industries [77][81] - Tencent Holdings experienced slowed earnings growth in the second quarter as artificial intelligence investment costs and capital expenditures doubled, with Chinese large language models numbering close to 1,000 [67][68][70] - Semiconductor companies Samsung Electronics and SK Hynix drove a nearly 4 percent increase in the Kospi index, with both companies expected to announce massive shareholder return plans later in the month [6][49] Corporate Performance and Operations - Vestas Wind Systems reported second-quarter net income of 280 million euros alongside a positive uplift in full-year adjusted earnings before interest and taxes [52] - CoreWeave provided 500 megawatts of raw computing power for artificial intelligence during the quarter, outperforming all other neo-cloud competitors combined [11]

Coreweave, Super Micro Computer Earnings Fuel Global Tech Rally | Daybreak Europe 8/12/2026 - Reportify