Finance

Major artificial intelligence chipmakers experienced substantial stock gains, with companies like Nvidia and AMD touching fresh all-time highs. Investor enthusiasm was further accelerated by Marvell Technology after the chip designer raised its future revenue guidance during its Investor Day events. The ongoing AI infrastructure expansion continues to serve as a primary catalyst for concentrated market growth.

The benchmark 10-year U.S. Treasury yield pulled back slightly after previously threatening multi-decade highs near 5.35%. This minor relief in the fixed-income market occurred in tandem with a retreat in oil prices, which slipped over inflation-easing indicators and recovering crude flows from the Persian Gulf.

The U.S. trade deficit expanded significantly to $105.6 billion for the month of August, exceeding consensus expectations from Wall Street economists. This reading represents the largest trade gap since early 2025, fueled heavily by a surge in incoming goods that pushed overall imports to a record high.