{"id":66937,"date":"2026-08-23T23:38:12","date_gmt":"2026-08-24T03:38:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-eyes-30b-perplexity-stake-as-us-dollar-index-slips-below-99-00\/66937\/"},"modified":"2026-08-23T23:38:12","modified_gmt":"2026-08-24T03:38:12","slug":"nvidia-eyes-30b-perplexity-stake-as-us-dollar-index-slips-below-99-00","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-eyes-30b-perplexity-stake-as-us-dollar-index-slips-below-99-00\/66937\/","title":{"rendered":"Nvidia Eyes $30B Perplexity Stake as US Dollar Index Slips Below 99.00"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> is in advanced talks to invest in <strong>Perplexity AI<\/strong> at a valuation exceeding <strong>$30 billion<\/strong>, signaling a massive jump for the AI search startup.<\/li>\n<li>The <strong>US Dollar Index (DXY)<\/strong> fell below the critical <strong>99.00<\/strong> level, hitting three-month lows as concerns over <strong>$40 trillion<\/strong> in national debt and Treasury buybacks weigh on the greenback.<\/li>\n<li><strong>Cheniere Energy (<a href=\"\/stock\/LNG\">LNG<\/a>)<\/strong> received a price target boost to <strong>$319<\/strong> from <strong>RBC Capital<\/strong>, driven by strong long-term fundamentals in the liquefied natural gas export market.<\/li>\n<li><strong>Endeavour Mining (<a href=\"\/stock\/EDV\">EDV<\/a>)<\/strong> saw its price target raised to <strong>C$100<\/strong> by <strong>Canaccord Genuity<\/strong> following robust operational execution and a positive outlook for <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> production.<\/li>\n<li><strong>Nomura International Funding<\/strong> secured an <strong>&#39;A-&#39;<\/strong> credit rating from <strong>Fitch Ratings<\/strong> for its new South Korean won (KRW) senior unsecured debt obligations.<\/li>\n<\/ul>\n<h2>Tech &amp; AI: Nvidia Explores Perplexity Partnership<\/h2>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) is reportedly discussing a significant investment in <strong>Perplexity AI<\/strong> that would value the search challenger at more than <strong>$30 billion<\/strong>. According to <em>The Information<\/em>, the deal could include a broader technology licensing partnership, further cementing <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s role as a primary backer of the generative AI ecosystem. Perplexity has seen rapid growth, with its valuation surging from <strong>$20 billion<\/strong> in late 2025 as it continues to challenge traditional search models.<\/p>\n<h2>Forex: US Dollar Weakens Amid Fiscal Anxiety<\/h2>\n<p>The <strong>United States Dollar Index (DXY)<\/strong> softened below the <strong>99.00<\/strong> mark on Monday, trading near <strong>98.80<\/strong> during Asian hours. Market participants are reacting to a deteriorating US fiscal outlook as national debt surpasses the <strong>$40 trillion<\/strong> threshold. Additionally, the <strong>US Treasury&#39;s<\/strong> decision to double its long-end bond buybacks to <strong>$4 billion<\/strong> per operation has undermined the dollar&#39;s appeal, even as 30-year yields remain elevated near <strong>5.31%<\/strong>.<\/p>\n<h2>Energy &amp; Commodities: Analysts Bullish on LNG and Gold<\/h2>\n<p><strong>RBC Capital<\/strong> has reinforced its <em>Outperform<\/em> rating on Cheniere Energy (<a href=\"\/stock\/LNG\">LNG<\/a>), raising its price target to <strong>$319<\/strong> from <strong>$300<\/strong>. The upgrade reflects confidence in the company&#39;s long-term export fundamentals and its status as the largest US producer of liquefied natural gas. Analysts noted that roughly <strong>85%<\/strong> of Cheniere&#39;s capacity is locked into 20-year &quot;take-or-pay&quot; contracts, providing significant cash flow stability.<\/p>\n<p>In the mining sector, <strong>Canaccord Genuity<\/strong> raised its target price for Endeavour Mining (<a href=\"\/stock\/EDV\">EDV<\/a>) to <strong>C$100<\/strong> from <strong>C$93<\/strong>. The firm maintained its positive rating, citing the gold producer&#39;s &quot;robust operational execution.&quot; This comes as gold prices continue to trade at historic highs, recently crossing <strong>$4,550<\/strong> per ounce, providing a strong tailwind for major producers.<\/p>\n<h2>Financials: Nomura Secures &#39;A-&#39; Rating for KRW Debt<\/h2>\n<p><strong>Nomura International Funding<\/strong> has been assigned a long-term credit rating of <strong>&#39;A-&#39;<\/strong> by <strong>Fitch Ratings<\/strong> for its newly issued South Korean won (KRW) senior unsecured debt. The notes, which are part of a 25-year program maturing in 2044, are guaranteed by <strong>Nomura Holdings, Inc.<\/strong> The proceeds are intended for general corporate purposes and to support the global wholesale business of the <strong>Nomura Group<\/strong>, Japan&#39;s largest securities firm.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) is in advanced talks to invest in Perplexity AI at a valuation exceeding $30 billion, signaling 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