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Wall St brokerages say AI selloff overdone, downplay Democrat regulation risks

Wall St brokerages say AI selloff overdone, downplay Democrat regulation risks

Nov 9 (Reuters) - Wall Street brokerages including Morgan Stanley and UBS called last week's rout in the AI trade overdone, arguing that the risks of extreme regulation of data center developments under a Democrat-controlled Congress are unlikely to play out.

Wall St futures rally on bargain-hunting, but Nvidia clouds outlook

Wall St futures rally on bargain-hunting, but Nvidia clouds outlook

By Niket Nishant and Utkarsh Hathi Nov 9 (Reuters) - US stock index futures attempted a recovery on Monday as investors hunted for bargains following a steep slide in equities last week, and awaited more clarity on the controversy surrounding Nvidia CEO Jensen Huang.

Wall St rallies after last week's AI rout; Nvidia falls

Wall St rallies after last week's AI rout; Nvidia falls

By Niket Nishant and Utkarsh Hathi Nov 9 (Reuters) - Wall Street's main indexes climbed on Monday, as investors attempted to shake off last week's AI anxieties while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.

Google unveils new AI chip variants as cloud demand surges

Google unveils new AI chip variants as cloud demand surges

Nov 9 (Reuters) - Alphabet's Google introduced two new variations of its in-house tensor processing units on Monday, stepping up its challenge to Nvidia's dominance in the booming market for artificial intelligence chips. Alphabet shares were up more than 3% in early trading.

Stocks climb as oil prices dip heading into US CPI print

Stocks climb as oil prices dip heading into US CPI print

By Shashwat Chauhan and Ankur Banerjee Nov 10 (Reuters) - World stocks rose on Tuesday as a drop in oil prices after US President Donald Trump said he plans to hold off on new military strikes against Iran lifted sentiment ahead of US inflation data that could sway the near-term interest rate

Wall St brokerages say AI selloff overdone, downplay Democratic regulation risks

Wall St brokerages say AI selloff overdone, downplay Democratic regulation risks

(Corrects to "Democratic" from "Democrat" in headline and paragraph 1) Nov 9 (Reuters) - Wall Street brokerages including Morgan Stanley and UBS called last week's rout in the AI trade overdone, arguing that the risks of extreme regulation of data center developments under a Democratic-controlled

Wall St set to open higher after last week's AI rout; Nvidia down

Wall St set to open higher after last week's AI rout; Nvidia down

By Niket Nishant and Utkarsh Hathi Nov 9 (Reuters) - Wall Street's main indexes were poised to open higher on Monday, as investors attempted to shake off last week's AI anxieties while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.

Big Tech set to drive US corporate bond sales to annual record high, data shows

Big Tech set to drive US corporate bond sales to annual record high, data shows

(Corrects headline to say "set to" drive, paragraph 2 to say "this year through November 4" instead of "18.7% rise from a year ago") By Shashwat Chauhan Nov 6 (Reuters) - US investment-grade corporate bond issuance climbed to $1.88 trillion this year, LSEG data showed, surpassing the previous annual

Exclusive-Nomura weighs rebuilding its Hong Kong equity capital markets business, sources say

Exclusive-Nomura weighs rebuilding its Hong Kong equity capital markets business, sources say

By Yantoultra Ngui and Miho Uranaka HONG KONG/TOKYO, Nov 11 (Reuters) - Nomura is considering hiring bankers for its Hong Kong equity capital markets business, two people with knowledge of the matter said, in a potential reversal of strategy for the Japanese bank, which had scaled down the operation

Anthropic eyes $1.4 trillion IPO valuation in test of Wall Street's AI fervor

Anthropic eyes $1.4 trillion IPO valuation in test of Wall Street's AI fervor

By Echo Wang, Manya Saini and Arasu Kannagi Basil Nov 10 (Reuters) - Anthropic's blockbuster IPO is set to give the company a valuation of up to $1.4 trillion, slightly lower than some investors' expectations amid a recent cooling in investor appetite for AI, setting up a defining test of Wall

ANZ misses some expectations, warns capital competition to keep rates higher

ANZ misses some expectations, warns capital competition to keep rates higher

By Scott Murdoch and Sneha Kumar SYDNEY, Nov 9 (Reuters) - ANZ fell short of expectations for net interest margin and net interest income on Monday, dragging on its share price, as its CEO warned that global competition for capital from AI and other sectors would keep interest rates higher for

Google unveils two new variants of in-house chips

Google unveils two new variants of in-house chips

Nov 9 (Reuters) - Alphabet's Google introduced two new variations of its in-house tensor processing units on Monday, stepping up its challenge to Nvidia's dominance in the booming market for artificial intelligence chips. Alphabet shares were up more than 2% in premarket trading.