The Fed hiked unanimously with a higher neutral-rate dot and dealers added an October hike; GPU and memory prices kept climbing; power and siting are gating AI capacity additions; and record diesel is still feeding through as Saudi supply partially returns.
The FOMC hiked 25bp unanimously, its first increase in three years, with 16 of 18 officials projecting at least one more move this year and the median neutral-rate dot rising to 3.25%. Only one policymaker now sees the long-run rate below 3%. Goldman added an October hike; former St. Louis Fed President James Bullard expects one more, in December, and calls three more too high.
Nebius raised on-demand GPU rates 17-21% for October 1, a second increase in four months. Oracle says the GPUs that came up for renewal in Q1 were renewed or resold at a 20% premium. Intel's CEO puts memory price increases at five to seven times and says next year is worse; Korean suppliers hold under ten days of finished DRAM; Serenity projects cumulative 2026 legacy-memory increases of 406-575%. Apple faces an incremental 2.8-point gross-margin hit.
Generac agreed to supply up to $8bn of generators for Amazon data centers, with $2.4bn of initial deliveries in 2027-2028 and a warrant for up to 1.69m shares at $200.93; the stock rose as much as 45% after hours. The House passed a bill shifting grid-upgrade costs onto data centers, a Virginia county advanced a 12-month review pause, and Gerstner sees about 25GW against a 43GW forecast.
Saudi Arabia aims to restore about half of the East-West pipeline's capacity within days and full capacity in roughly six weeks. Kpler's Matt Smith says a month offline would remove 100-120m barrels, Russia's diesel export ban is tightening products, and record $6.40 diesel is lifting grocery costs. Goldman rotated its refining call from diesel to gasoline; J.B. Hunt warned and fell 13%.
Joseph Wang says he loves the long bond at roughly 5.35% and 30-year TIPS at about 3.1% real yield, citing a possible equity-bubble flight to safety, positive carry and multi-decade-high real yields; JPMorgan Asset Management's Bob Michele says his team has begun buying long-end US, Japanese and Australian bonds.
@thebigberbowski says his memory and storage convictions are unchanged - SK hynix, Micron, Western Digital, SanDisk and Kioxia - and that he still holds Credo from the April selloff and Applied Optoelectronics through bearish commentary and at-the-market issuance.
Cramer says he owns Palo Alto Networks and CrowdStrike, frames the AI safety debate as a security-hygiene problem, and points to Okta's identity layer as the control plane for agents.
Brad Gerstner says he is medium position and would add only if AI-lab revenues come in big and oil retreats; he also calls the 43GW compute forecast too aggressive versus his roughly 25GW estimate.
Schroders' Remi Olu-Pitan calls the Treasury rally extremely tactical, driven by short positioning and restored clarity, and says she is not ready to embrace government bonds aggressively at these yields, seeing yields march higher if US growth stays strong.
Northwise notes Snowflake's CoCo (9,100) and CoWork (5,800) figures are usage accounts rather than distinct paying companies, so the commercial test is conversion into recurring consumption.
Steve Eisman says he has taken some AI exposure off the table and is not adding, calls OpenAI the weaker of the two leading labs, and warns the Nvidia-to-hyperscaler chain depends on the future health of Anthropic and OpenAI.
J.B. Hunt issued a rare intra-quarter warning for Q3 EPS down 5-10% sequentially on fuel and driver costs, and the shares fell over 13%, their worst day in six years, dragging truckload peers with them.
State Street's Marija Veitmane flags small caps and consumer-facing stocks as most exposed to higher rates and inflation, citing margin squeeze and a K-shaped economy where middle-income consumers cannot pass on input costs.