Bloomberg Television·2026-08-12 12:06Technology & AI Sector - CoreWeave reported robust sales forecasts and order books driven by surging demand for AI compute infrastructure, with 23% of its costs allocated to Nvidia chips and 80% of its revenues derived from major hyperscalers Microsoft, Meta, and Alphabet [4][5] - Tencent posted a net income of 56 billion yuan, falling slightly short of estimates, while revenue slightly beat expectations amid a broader consumption slump in China [59][60][61] - The sovereign wealth fund of South Korea estimated next year's technology and innovation investments to range from 600 billion South Korean won on the lower end to over 1 trillion South Korean won on the higher end, targeting Series B companies rather than large conglomerates like Samsung and SK [40][43][44] Macroeconomics & Energy - Crude oil prices climbed for a sixth consecutive day amid ongoing skepticism over restoring energy flows through the Strait of Hormuz, with crude up about 12% for the week [12][52][54] - Goldman Sachs projected total U.S. equity issuance to reach approximately 1.1 trillion dollars in 2026, representing about 1.7% of total market capitalization [32][33] - The U.S. labor market generated an average of only 20,000 jobs per month over a recent three-month period, with wages growing at an annualized pace of just 2.3% [22] - S&P 500 companies tracked approximately 50% earnings growth in the second quarter, and even excluding one-off gains, earnings grew by 31% [30] Commodities & Global Trade - Ukrainian strikes on Russian refineries and key Black Sea grain terminals disrupted exports, with Ukraine's agricultural exports in August down 75% compared to the same period last year [83][84] - Japan previously intervened in foreign exchange markets to the tune of about 150 billion dollars over recent years to support the yen [107]