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Market sources said the U.S. Treasury deputy assistant secretary for domestic finance, Maikena, is expected to depart next week.

2026-07-09

Market sources said the U.S. Treasury deputy assistant secretary for domestic finance, Maikena, is expected to depart next week.

Other News
2026-07-08

Sources say Trump did not mention terminating the interim Iran agreement again during the NATO summit.

Sources say Trump did not mention terminating the interim Iran agreement again during the NATO summit.
2026-07-09

NVIDIA has materially underperformed the broader chip sector year-to-date, but BofA calls the weakness a more attractive buy than a risk signal. Analyst Vivek Arya concedes real investor concerns — notably rising HBM costs — but says the market has o

NVIDIA has materially underperformed the broader chip sector year-to-date, but BofA calls the weakness a more attractive buy than a risk signal. Analyst Vivek Arya concedes real investor concerns — notably rising HBM costs — but says the market has overreacted and underestimated NVIDIA's pricing power, scale and roughly $119 bln of supply commitments. He expects next‑generation Rubin pricing could be meaningfully higher than current Blackwell products, allowing the company to offset higher HBM costs and sustain gross margins in the mid‑70s pct range. Arya also downplays custom‑chip competition (e.g., Google/Broadcom TPU), noting TPU has existed for >10 years while NVIDIA GPU revenue grew ~700x; he projects NVIDIA will capture about 65–70% of hyperscaler AI infrastructure spend over the long term. NVIDIA trades at a forward P/E of ~18.69x, roughly half its 10‑year average and near an 11‑year trough.
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