To The Moon

Investors favored flashier AI plays earlier this year, but some analysts say Nvidia's dependability could now hold more appealNvidia, led by CEO Jensen Huang, has seen its shares climb about 14% so far this year.Nvidia's stock has risen 14% this year - barely more than the S&P 500, and a relatively muted move in light of the big artificial-intelligence gains elsewhere in the market.But the AI trade has evolved since earlier in the year, when investors were trying to find fresh ways to bet on a furious cycle of spending on chips and power. Now, Wall Street is taking a more cautious approach, looking more closely at the debt underpinning the AI boom and whether that stands to derail big growth projections that stretch years into the future.In this sort of market environment, could Nvidia's stock have a new, more defensive appeal to investors?

What's the frequency, Kevin?

Trump says he did not direct Bessent to intervene in bond marketWASHINGTON, Aug 21 -U.S. President Donald Trump said on Friday he did not direct Treasury Secretary Scott Bessent to intervene in the bond market this week and that the Treasury chief acted on his own authority based on his understanding of the issues.Here are details:Bessent said on Thursday the government could furtherincrease its Treasury repurchasesafter a surprise announcement on Wednesday that it would spend double the expected amount on bond buybacks."No, not at all," Trump told reporters on Friday when asked if he directed Bessent to intervene in the bond market."He's a very capable man. He wanted to do it. He's very good at it," Trump said. "He did that, yeah."Bessent is a former hedge fund manager with extensive experience in sovereign debt and currency markets.By Friday, however, the declines in bond yields triggered by Bessent's announcement had largely beenunwound.Long-term Treasury yields recently spiked on c