AI Earnings Boost Stock Futures; CPI Data Looms | Bloomberg Brief 08/12/2026

Watch on YouTube ↗  |  August 12, 2026 at 13:33  |  43:25  |  Bloomberg Markets
Speakers
Neil Campling — Tech/TMT Analyst
Ven Ram — Markets Live Reporter/Strategist, Bloomberg
Andrew Hollenhorst — Chief Economist, Piper Sandler
Justina Lee — Bloomberg Reporter
Alice French — Japan Equities Reporter, Bloomberg
Vonnie Quinn — Anchor, Bloomberg
Tyler Kendall — Multimedia Editor, Bloomberg
Anthony DiPaola — Reporter, Bloomberg (Energy)

Summary

AI strength from CoreWeave and Super Micro boosts US futures ahead of CPI data, while Treasury positioning sets up an asymmetric rally potential. Oil concerns persist with Iran tensions and depleting inventories. Singapore's investment in Korean memory stocks and Tencent's AI progress are also in focus.

  • CoreWeave and Super Micro jump on strong AI-driven earnings and guidance.
  • CPI data looms as extreme Treasury shorts could trigger a bond rally on in-line print.
  • Citi's Hollenhorst sees cooling inflation setting stage for Fed rate cuts by October.
  • Singapore sovereign fund considers investing in Samsung and SK hynix, boosting Korean tech.
  • IEA flags faster oil inventory depletion amid Iran conflict and US blockade of Hormuz.
  • French bond spreads widen on upcoming budget talks and election risk.
  • Tencent reports revenue beat with AI ad tools helping, but AI catch-up ongoing.
  • Cognition AI seeks $40B valuation in agentic AI funding round.
Ideas
Neil Campling Tech/TMT Analyst 5:44
AI capex drives CoreWeave, Super Micro.
AI infrastructure spending is surging as hyperscaler capex flows through, evidenced by CoreWeave's strong bookings, revenue beat, and Super Micro's guidance 25% above expectations, confirming the AI capex trade.
CoreWeave SMCI HIGH
Neil Campling Tech/TMT Analyst 7:14
Tencent AI monetization improving, watch.
Tencent's core ad business is improving thanks to AI tools, and fundamentals are holding up while they catch up on AI build-out, though the stock still has a way to go to convince.
TCEHY LOW
Neil Campling Tech/TMT Analyst 8:53
Singapore fund investment positive for Samsung, SK hynix.
Singapore's highly regarded sovereign wealth fund planning to invest in Samsung Electronics and SK hynix is a positive catalyst, given its track record, and supports the AI chip theme with Samsung offering logic and foundry advantages beyond memory.
005930.KS 000660.KS MED
Ven Ram Markets Live Reporter/Strategist, Bloomberg 10:32
Extreme short Treasury positioning favors rally.
Extreme short positioning in long-dated US Treasuries (10Y/30Y) sets up an asymmetric reaction to CPI: even an in-line or soft print could trigger profit-taking, causing a bond rally.
US 30Y Treasury Bond HIGH
Ven Ram Markets Live Reporter/Strategist, Bloomberg 10:32
Extreme short Treasury positioning favors rally.
Core CPI is decelerating toward target (2.5% y/y expected), and cooling inflation combined with signs of labor market softening will prompt the Fed to cut rates by October, supporting Treasuries.
US 10Y Treasury Note HIGH
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This Bloomberg Markets video, published August 12, 2026, features Neil Campling, Ven Ram discussing CoreWeave, SMCI, TCEHY, 005930.KS, 000660.KS, US 30Y Treasury Bond, US 10Y Treasury Note. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Neil Campling, Ven Ram  · Tickers: CoreWeave, SMCI, TCEHY, 005930.KS, 000660.KS, US 30Y Treasury Bond, US 10Y Treasury Note