US-Iran talks worsen as compensation dispute deepens
BlockBeats reported on Aug. 11 that U.S. President Donald Trump responded Monday to Iran’s proposed peace agreement terms by demanding that Iran provide compensation for people killed in war, attacks, and protests. His sharper rhetoric could complicate efforts to reopen the Strait of Hormuz.
Iranian officials also restated their compensation demands and directly linked the issue to the reopening of the strait. With the outlook for US-Iran negotiations deteriorating again, talks over reopening the Strait of Hormuz have stalled, helping drive a sharp rebound in international oil prices.
Crude jumps, rate concerns return
Bitget data showed that WTI crude futures moved back above $82 a barrel on Monday, rising more than 5% intraday. Brent crude climbed above $87 a barrel and extended its run to a fourth straight gain.
The rapid rise in energy prices renewed concerns about inflation and possible Federal Reserve rate hikes later this year. US Treasury yields moved higher across the board.
US stocks close lower as semiconductor shares weaken
According to BIT (bit.com) market data, US stocks finished Monday in negative territory. The Dow fell 0.1%, the S&P 500 slipped 0.06%, and the Nasdaq lost 0.32%.
Chip stocks were under pressure, with the Philadelphia Semiconductor Index falling 2.94%. The report said a financing plan tied to Nvidia was another major factor weighing on tech shares.
According to the report, Nvidia and Wall Street firms are planning $500 billion in AI infrastructure financing. Some investors are concerned that the arrangement could create a “circular financing” structure and raise questions about the authenticity of AI demand.
Chip and optical communication names post broad declines
Losses spread across semiconductor stocks. Arm fell 5.21%, Marvell Technology (MRVL) dropped 4.65%, Intel (INTC) lost 4.06%, Qualcomm (QCOM) slid 3.39%, and Applied Materials (AMAT) declined 3.16%. Nvidia (NVDA) and AMD each fell 2.86%.
Optical communication stocks were among the session’s weakest performers. Coherent (COHR) dropped 14.26%, Lumentum (LITE) fell 8.61%, Ciena (CIEN) lost 5.98%, Astera Labs (ALAB) declined 5.07%, Corning (GLW) fell 4.78%, and Credo (CRDO) dropped 3.98%.
Storage segment shows mixed performance
Storage-related shares diverged. SanDisk (SNDK) rose 2.12% and Western Digital (WDC) gained 0.93%. In contrast, SK Hynix (SKHY) fell 1.90%, Micron Technology (MU) slipped 1.89%, and Seagate Technology (STX) declined 1.45%.