The Bloomberg Surveillance program on August 25, 2026, covered various financial topics, noting that data has been disinflationary, which, under normal circumstances, wouldn't warrant extensive discussion. The market is reportedly reacting appropriately to these conditions. However, the Treasury's recent actions have drawn criticism, putting a spotlight on a small, less relevant portion of the overall U.S. government maturity.
NVIDIA shares are experiencing a turnaround, moving higher by nearly 1.4% and looking to snap a seven-day losing streak. The company's revenue is expected to have almost doubled from a year ago to approximately $92 billion. Despite strong results, NVIDIA shares have historically sold off after each of its last four earnings reports, setting a high bar for the upcoming announcement. The broader AI trade is also seeing a "risk on" mood, with memory names like Intel rising after a recent selloff, especially as NVIDIA's outlook will be crucial for these stocks.
Additionally, SpaceX shares are up nearly 2% in premarket trading. This follows an announcement from Elon Musk detailing a more specific timeline for AI data centers, with the first AI satellites expected to launch in the fourth quarter of next year, followed by significant scaling.
