$GS

Last week, US inflation data showed CPI up 0.1% in July and 3.4% year over year, while PPI was flat, easing expectations for a September Fed rate hike. Markets posted a third straight winning week. Intel announced a $15 billion then $20 billion stock sale, and Nvidia partnered with major asset managers on a $500 billion AI financing initiative.

Goldman Sachs said on Aug. 12 it will buy NEOS Investments for up to $2.25 billion, pending regulatory approval, to add 19 options-income ETFs and about $30 billion in assets. NEOS runs crypto income ETFs including BTCI, XBCI and NEHI, which generate monthly distributions via covered calls on Bitcoin-linked ETPs. The deal targets completion by early 2027.

Traders said at least four Asian refiners bought U.S. crude this week as the Strait of Hormuz stayed effectively blocked. GS Caltex bought 2 million bbl of Shell Mars for November at a $13-14/bbl premium to October Dubai. Cosmo, Eneos, and CPC also bought Mars or WTI at premiums. Kpler data cited U.S. crude imports of 2.35 mbpd in July.

Goldman Sachs said it partnered with Nvidia to help set up independent compute platforms aimed at mobilizing more than $500 billion of third-party capital for AI infrastructure, subject to final agreements. Goldman will support debt placement via private credit and public markets, and provide junior capital and private credit financing through asset management. Other partners include Apollo, BlackRock, Blackstone, Brookfield and KKR.

CNBC reports Goldman Sachs is involved in AI-related financing announcements. Nvidia said Goldman and five other firms will help raise $500 billion for AI infrastructure financing, while Intel announced a $15 billion stock offering upsized to $20 billion with Goldman as joint book-running manager. Alphabet also sold $80 billion upsized to $85 billion, with Goldman involved. The article outlines how Goldman earns fees and trading revenue.

Goldman Sachs entities filed a Schedule 13G for Breeze Acquisition Corp II. The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC reported beneficial ownership of 970,701 ordinary shares, or 6.7% of the class, with shared voting and shared dispositive power over the same amount. Highbridge Capital Management is referenced as acting on behalf of another person.

Goldman Sachs is in talks with insurers, money managers, banks and other investors to back Nvidia’s $500 billion AI infrastructure financing, Reuters reported. Nvidia partnered with six financial institutions to raise over $500 billion in third-party capital. Goldman would provide private credit and help place debt, while asset managers retain a sizable share.

Reuters reports Goldman Sachs is exploring financing structures with insurers, banks and asset managers for Nvidia’s plan to mobilize over $500 billion for AI infrastructure. The Aug. 10 initiative would involve Goldman, Apollo, BlackRock, Blackstone, Brookfield and KKR, with Nvidia potentially backstopping up to $125 billion. Nvidia’s fiscal Q1 2027 revenue rose 85% to $81.6B, Data Center up 92% to $75.2B.

Traders said at least four Asian refiners bought U.S. crude as the Strait of Hormuz stayed effectively blocked. GS Caltex bought 2m bbl of Shell Mars crude for November at about $13-14/bbl premium to Dubai. Cosmo Energy bought Mars crude, Eneos bought 2m bbl WTI at $10+/bbl premium, and CPC bought 2m bbl WTI at $8-9/bbl premium to Dated Brent.

Goldman Sachs is the sole lender, with Blackstone and Apollo, in a proposed Nvidia AI financing deal up to $500B, according to Reuters. Goldman plans to provide junior capital and private credit via its asset management arm. Nvidia may backstop up to $125B, or 25% of potential deals, to help create an asset-backed market for AI compute debt.