BIT data cited by BlockBeats showed a second consecutive U.S. stock advance, with the S&P 500 up 0.60%, the Nasdaq up 1.18%, the Philadelphia Semiconductor Index up 3.60% and the Russell 2000 up 1.16%.
AI financing developments
The report said Broadcom formed an institutional alliance with Bank of America, Citi, Morgan Stanley and Blackstone around a $63 billion financing arrangement to procure AI accelerators and networking equipment for lease to Anthropic, with deliveries expected from 2027. Oracle also expanded cloud cooperation with OpenAI, while Meta’s $25 billion stock offering was reported as five times oversubscribed.
These developments were cited alongside the market move; they do not prove that financing news caused the gains. Read the English BlockBeats flash (original Chinese: BlockBeats flash).