Market update for August 11, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: The U.S. Strategic Petroleum Reserve falls below 300 million barrels for the first time since 1983 Nvidia teams up with Wall Street for $500 billion to fund AI infrastructure Anthropic targets a September or early October for IPO Riot lands a massive Anthropic data-center deal while Rocket Lab warns of another Neutron delay SpaceX finally climbs back above its IPO price after a massive insider-share unlock fails to trigger a selloff

Nvidia Taps Wall Street for $500B, Anthropic Eyes September IPO

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Tuesday, August 11th. In today's episode, we'll tell you why the US's emergency oil stash is now at its lowest level since 1983. We'll also break down Nvidia's plan to turn AI chips into a brand new asset class with the help of Wall Street.

We'll also give you an update on Anthropic's IPO plan. Seems like they're just weeks away. Then stick around to the end of the show for an update on SpaceX stock and the insider selling that didn't end up happening last week. We got a great show for you today. Let's go. Markets had a quiet start to the week. The S&P 500 fell less than 0.1% after closing at record highs on Friday, while the Nasdaq dropped by 0.3%.

So not a lot of action on Monday. The best performing sector was energy, and that's because of oil prices. Oil jumped 5% on Monday with Brent crude getting near $90 a barrel again, as hopes for a quick deal between the US and Iran are starting to fade again. Remember, just a few days ago, there was a lot of optimism that Iran and Oman were close to reaching an agreement that could reopen the Strait of Hormuz.

Well, now both sides are digging in. Iran says they want sanction relief and compensation for war damages before fully reopening the Strait, while President Trump responded by demanding that Iran pay reparations to the US instead. So again, we're at a standstill here, and there isn't much tanker traffic through the Strait of Hormuz.

Nvidia Taps Wall Street for $500B, Anthropic Eyes September IPO

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Nvidia Taps Wall Street for $500B, Anthropic Eyes September IPO

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.