Tonight's Highlights | U.S. June CPI Meets Expectations, Nvidia Soars Pre-Market Leading Futures Higher
On Tuesday, the latest U.S. June CPI data aligned with expectations, boosting U.S. stock futures higher under Nvidia’s lead, while major European indices generally rose.
Pre-market data showed U.S. June seasonally adjusted CPI rose 2.7% year-over-year, matching the expected 2.7%, and 0.3% month-over-month, in line with the anticipated 0.30%.
U.S. June seasonally adjusted core CPI rose 2.9% year-over-year, below the expected 3.00%, and 0.2% month-over-month, under the anticipated 0.30%.
U.S. President Trump threatened on Monday that if a Russia-Ukraine agreement isn’t reached within 50 days, the U.S. will impose 100% tariffs on Russia and secondary tariffs on countries buying Russian oil.
“Now, the president is talking about further tariff hikes, which would push actual tariff levels above our previous expectations,” said Dan Greenhaus, chief strategist at Solus Alternative Asset Management. “After a historic rebound, it’s time for a bit of a breather.”
Nvidia’s stock surged over 4% in pre-market trading after the chip giant announced it will soon resume H20 chip sales to China.
JPMorgan and Wells Fargo both reported earnings exceeding market expectations on Tuesday. BlackRock’s report revealed its assets under management surpassed $12 trillion, a first for any asset manager globally, though its quarterly revenue fell short of expectations.
Bitcoin prices retreated after hitting a new all-time high above $123,000 the previous day. This week, the U.S. House of Representatives is expected to review three bills related to cryptocurrency policy.
Company News
Jensen Huang: Will Begin Selling H20 Chips to China Market
Nvidia founder and CEO Jensen Huang announced two key developments today in an interview: The U.S. has approved H20 chip exports to China, and Nvidia will launch the RTX Pro GPU.
Huang said: “The U.S. government has approved our export license, and we can start shipping, so we will begin selling H20 to the Chinese market.
I’m incredibly excited to ship H20 soon; it’s truly a very, very good piece of news.
The second piece of news is that we will also release a new graphics card called RTX Pro. This card is very important because it’s designed specifically for computer graphics, digital twins, and artificial intelligence.”
Ming-Chi Kuo: Apple’s First Foldable iPhone to Use Samsung’s Crease-Free Display Solution
On July 15, renowned analyst Ming-Chi Kuo reported that Apple will adopt Samsung Display’s (SDC) crease-free display design for its first foldable iPhone, slated for mass production in the second half of 2026, rather than developing its own solution.
Google to Spend Over $3 Billion to Purchase Power from Brookfield-Owned Hydropower Plants for Data Centers
Asset management giant Brookfield announced on July 15 a hydropower framework agreement with Google, providing up to 3,000 megawatts of carbon-free hydropower across the U.S.
This marks the largest corporate hydropower clean energy deal globally.
The initial contracts under this agreement involve Brookfield’s Holtwood and Safe Harbor hydropower facilities in Pennsylvania, with Google investing over $3 billion to purchase power from these plants over a 20-year term.
Tesla Opens Showroom in Mumbai, Announces Model Y Price in India, Officially Enters Indian Market
On July 15 local time, Tesla officially opened its first showroom in India at the Bandra Kurla Complex in Mumbai, marking its entry into the Indian market.
Tesla also announced Model Y prices in India: the rear-wheel-drive version starts at 5.989 million rupees (approximately $69,757), and the long-range rear-wheel-drive version starts at 6.789 million rupees.
AI Startup Cohere to Open Office in Seoul, South Korea, as APAC Regional Hub
AI startup Cohere announced on July 15 it will open an office in Seoul, South Korea, as its Asia-Pacific regional hub.
Cohere has appointed H. Andrew Chang, a former Google and Microsoft executive, to lead its APAC operations.
Cloud Provider CoreWeave Plans Up to $6 Billion Investment for New U.S. Data Center
Cloud provider CoreWeave announced on July 15 local time plans to invest up to $6 billion to build a new data center in Lancaster, Pennsylvania, with an initial capacity of 100 megawatts, expandable to 300 megawatts.
Oracle to Invest $3 Billion Over Five Years in Germany and Netherlands for AI and Cloud Infrastructure
Oracle announced on July 15 it will invest $3 billion over the next five years in Germany and the Netherlands for AI and cloud infrastructure, with $2 billion allocated to Germany and $1 billion to the Netherlands.