SpaceX Raises $40B in Debt for AI Chips: The AI Credit Shift
SpaceX just borrowed $40 billion to buy AI chips, and Elon Musk says it could only do it because of Starlink and launch revenue. Lenders are now separating diversified AI players from data-center-only companies, and that split could reshape the entire AI trade. Here's what it means, and what to watch when Microsoft, Alphabet, and Amazon report this week.
AI Is Now Carrying Wall Street's Profit Growth, and a 5% Treasury Yield Is Testing How Much It Can Hold
Stocks are near record highs with the 10-year Treasury yield above 5%, and one source of profit explains it. AI is expected to supply roughly two-thirds of the S&P 500's 30% earnings growth this quarter, with semiconductor profits projected up 136%. That support comes with a higher bar, and the first real test lands Thursday when Taiwan Semiconductor reports.
Meta Jumps 6.5% While the S&P 500 Falls: What Muse Actually Changed
On Wednesday the market sold the S&P 500 down 0.48% as oil broke $100 and yields hit multi-year highs — and bought Meta up more than 6.5%. That 7-point spread wasn't noise. Meta didn't beat the macro; it changed which side of it the company sits on. Muse attached a $20-per-month subscription to $130 billion in AI spending, and in a rising-rate tape, the market pays for what's close and sells what's far. The adoption test starts now.
Super Micro Guides to $72 Billion — and Wall Street Still Sold AI Stocks
Super Micro told Wall Street it expects up to $72 billion in AI server sales next year — roughly 36% above the $53 billion consensus — and the stock jumped 9% after hours. Hours earlier, AI stocks had sold off all day. The doubt isn't about demand anymore; it's about how a buildout running on borrowed money gets paid for with the 10-year near 4.7% and oil at $83.
Wall Street's Worst Day in a Month, Oil Breaks $100, and Gold Just Sent a Confusing Signal
Wall Street just posted its worst session in a month, oil rocketed past $100 a barrel, and gold — usually a safe haven — fell anyway. Here's what's driving the moves across stocks, bonds, oil, gold, and Bitcoin, and what traders are watching next.