Good evening, you're listening to Markets Desk.
CoreWeave delivered another quarter of triple-digit revenue growth, and the market rewarded it with an eighteen percent gain through August. The infrastructure play behind the AI buildout continues to attract serious institutional attention, reinforcing the thesis that picks-and-shovels exposure to the data center boom remains one of the cleaner trades in this cycle.
Shifting to macro risk, U.S. military strikes on Iran intensified Tuesday night, and President Trump said he, quote, couldn't care less about forcing Tehran to the table. That posture is rattling oil markets and lifting yields globally, which connects directly to what we saw in Indian equities Wednesday morning, where shares dropped sharply on the combination of surging crude and elevated bond yields stoking fresh inflation fears.
Those same bond pressures are worth watching stateside, where the Fed's rate path remains unresolved. Higher energy costs feeding into CPI prints would complicate any near-term pivot narrative, and with global fixed income already under pressure, equity valuations built on rate-cut assumptions deserve a second look heading into the back half of the year.
That's the tape. Markets Desk, signing off the floor.
