Asian chipmakers soar after tech-led rebound on Wall Street

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6d ago 25:01

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Asian chipmakers climb higher following a tech-led rebound on Wall Street, as Nvidia CEO Jensen Huang attempts to reassure investors over its delayed Blackwell chip production. U.S. inflation falls in August while core CPI surprises to the upside, with Goldman Sachs CEO David Solomon telling CNBC exclusively that he still believes in a soft-landing. OpenAi is reportedly in talks over a fresh fundraising round, which would see the Chat GPT maker valued at $150 billion. Over in Europe, the ECB lines up its second rate cut of the cycle as markets bet on another 25 basis point move lower, with UBS CEO Sergio Ermotti reinforcing that view in an exclusive interview with CNBC.

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