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 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.