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The July semiconductor selloff was built around one uncomfortable question: What happens when Big Tech finally slows its artificial-intelligence spending? So far, the opposite is happening. Bank of America now expects hyperscaler capital expenditures to top $1.2 trillion over the next 12 months, according to semiconduc
There is a faster way to read the U.S. economy than reading the economic data. Look at the price of copper. The metal has gained nearly 50% over the past 12 months, its strongest rolling annual advance since 2021. It is also testing all-time highs after reaching $6.52 per pound on Monday, trading just 2% below May’s al