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ChainCatcher news, according to Golden Ten Data, U.S. banks and financial stocks are on the verge of breaking through key support levels, sending a warning signal to the entire stock market. The weakness in this sector is driven by credit issues and traders reducing their bets on Federal Reserve rate cuts. The KBW Bank Index has fallen 4.5% over the past five trading days, while the S&P 500 Bank Index has recorded a 2.9% decline over the same period. Matt Maley, Chief Market Strategist at Miller Tabak, stated that if bank stocks continue to decline sharply in the next week or two, it will send a significant warning signal to the market.

According to a report by Jinse Finance, US financial media Semafor stated that Humain, an artificial intelligence company backed by Saudi Arabia's sovereign wealth fund, plans to announce a series of new agreements with US companies tomorrow, as the country is preparing to invest tens of billions of dollars to implement a plan aimed at becoming the world's third-largest artificial intelligence nation. Sources revealed that Humain is planning to collaborate with companies including Amazon, AMD, xAI, and GlobalAI to announce the construction of multiple gigawatt-scale data centers. The sources said these agreements are expected to follow US approval for the sale of a large number of semiconductors to Saudi Arabia. It is currently unclear how many of these agreements are new and substantive, or merely indicate progress on agreements announced during President Trump's visit to Riyadh in May. Humain CEO Tareq Amin previously stated that he expects to obtain US-made AI chips when the first batch of data centers opens in early 2026.