IMF: It will take time for energy and commodity prices to return to normal after the US-Iran agreement

According to CME "FedWatch": there is a 77.3% probability that the Federal Reserve will keep interest rates unchanged by October, and a 22.7% probability of a cumulative 25 basis point rate hike. By December, there is a 13.4% probability that rates will remain unchanged, a 67.8% probability of a cumulative 25 basis point hike, and an 18.8% probability of a cumulative 50 basis point increase.

As Nvidia (NVDA.US) shares hit a new high for the first time in four months, analysts remain optimistic about its future. The company's stock closed at $237.58 on Monday, setting a new peak, and the company's market value is around 5.76 trillions USD. Wedbush analyst Matt Bryson noted that as Nvidia gets closer to meeting its future financial expectations, "it's increasingly difficult for the market to ignore the disconnect" between its growth prospects and its valuation. He pointed out that the company is expected to grow at a 70% rate, but the stock is trading at less than 20 times next year's expected earnings per share, making it appear relatively inexpensive. Despite facing competition from peers and even its own customers, Nvidia remains the "cornerstone of AI infrastructure," BNP Paribas analyst Karl Ackerman wrote in a report last week. He raised the stock’s price target to $345 per share, which implies a 45% upside compared to Monday's closing price.

According to the Financial Times, Bank of America, Citigroup, and Morgan Stanley have begun distributing a total debt financing package of $60 billion to other banks, to support Anthropic’s leasing of Google (GOOG.US) AI chips in what is the largest chip financing deal to date. Of this amount, approximately $42 billion consists of senior secured loans backed by Broadcom (AVGO.US), with syndication launching on Monday; an additional $18 billion, a tranche of subordinated debt without Broadcom’s backing, is expected to be launched later, with Blackstone committed to providing about $9 billion of the funding. The funds raised will support Anthropic’s chip orders for 2027, with lease payments beginning after chip delivery. Broadcom may also receive up to $42 billion in convertible notes from Anthropic as payment for related leasing costs. This $60 billion financing is being seen as a key test of market demand for AI-related debt.

According to the Financial Times, Wall Street banks have launched a record-breaking $60 billion chip deal involving Broadcom and Anthropic.