Good morning, you're listening to Markets Desk.
Nvidia bulls got fresh ammunition this week as rental prices for the company's H100 chips climbed twenty-two percent in a single month. That kind of pricing power in the spot market signals that enterprise demand for AI compute is not softening — it's accelerating, and it cuts directly against the bear case that GPU economics are deteriorating.
Turning to monetary policy, newly confirmed Fed Chairman Kevin Warsh struck a notably hawkish tone at his first Jackson Hole appearance, calling inflation quote more concerning unquote. Warsh is also pushing to scale back the Fed's forward guidance practice, which itself is a signal — less transparency from the central bank typically means markets carry more rate risk premium, and bond traders will be watching his next moves very carefully.
Meanwhile, over in Macau, the world's largest gambling hub is making a sixteen billion dollar bet on reinvention. City officials want to pivot from a pure gaming and tourism economy toward a broader business destination. It is an ambitious structural shift, and one that carries real implications for the casino operators and hospitality names with heavy exposure to that market.
That's the tape. Markets Desk, signing off the floor.
