AI News

AI & the markets

• Berkshire Hathaway more than doubles buybacks as quarterly earnings decline

  Berkshire bought back $9.6 billion of stock, against $4.5 billion in Q2. Operating earnings fell 5.8% to $12.705 billion.

  CNBC · Nov 7
• Nasdaq rebounds 1% following its worst session in 18 months as traders buy tech shares

  Friday's close: the Nasdaq rose 1.09% to 24,579.42 and the S&P 500 rose 0.31% to 7,376.86. The Dow fell 237.33 points, or 0.46%, to 51,285.73. For the week the Nasdaq fell 3.4%, the S&P 500 2.7% and the Dow 0.9%.

  CNBC · Nov 6
• Further turmoil could be in store for tech stocks: what to watch in the week ahead

  CNBC's week-ahead outlook flags more volatility risk for tech after this week's AI selloff.

  CNBC · Nov 6
• Americans are on a treadmill of high inflation and more rate hikes are likely, Fed's Daly says

  San Francisco Fed President Mary Daly said more rate hikes are likely.

  CNBC · Nov 6
• U.S. economy added 165,000 jobs in October, way more than expected; unemployment slips to 4.1%

  A hotter jobs print can keep rate-hike odds high and pressure AI and tech stocks that sold off this week.

  CNBC · Nov 6
• Stocks making the biggest moves midday: Nvidia, Moderna, IonQ, Airbnb, Firefly Aerospace & more

  Nvidia rose more than 3% and is back to a gain for 2026. IonQ rose 17% after raising its full-year guidance, and Five9 fell more than 17% after cutting earnings guidance and buying Level AI for $325 million.

  CNBC · Nov 6
• The AI credit card is getting costlier as CoreWeave bond yield tops 16%

  CoreWeave's 2032 bond now yields more than 16%. Its five-year credit default swaps rose above 1,289 basis points on Thursday.

  CNBC · Nov 6
• Investors brace for lower Anthropic valuation, calling $1.5 trillion a stretch

  One investor sees $1 trillion to $1.25 trillion as more likely. Kalshi odds of an IPO announcement before December had already fallen to 57% from more than 85%.

  CNBC · Nov 6
• SpaceX is down big on political retribution fears against Musk; Deutsche Bank says buy the dip

  Deutsche Bank told clients to buy the dip after SpaceX valuation marks fell on fears of political pushback against Elon Musk.

  CNBC · Nov 6
• Wall Street's fear gauge may be flashing a buy sign

  The VIX went from 16.6 to 28.2 on Thursday.

  CNBC · Nov 6
• Treasury yields inch lower as investors look ahead to key jobs data

  The 10-year yield was about 4.83%. Consensus expects 59,000 jobs added in the October payrolls report.

  CNBC · Nov 6

• Big deal

  Asia tech sells off as Nikkei enters a bear market and Kospi hits circuit breakers

  SK Hynix fell more than 8%, Samsung 7%, SoftBank 11.6%, Advantest 12.2% and TSMC 9.6%. The AI hardware selloff that hit Wall Street is now open across Asia.

  CNBC · Nov 6
• India as an AI hedge: stocks could see robust inflows as markets tank

  JPMorgan's Rajiv Batra says neutralizing foreign underweights could mean about $115 billion in net inflows. The Nifty 50 is up nearly 9% over the past month.

  CNBC · Nov 6
• Oil rises on renewed US-Iran conflict risks after the midterms

  Brent rose 1.67% to $99.90 and WTI rose 1.43% to $91.69. Traders are pricing in fresh risk around the Strait of Hormuz.

  CNBC · Nov 6
• Nasdaq slips into correction as AI stocks sell off; Mag7 loses more than $1T

  All 11 sectors finished lower on AI data center fears. Micron and AMD each fell 17%, and CoreWeave dropped 10%.

  CNBC · Nov 5
• IREN says more than $4B in annualized revenue is delayed at a customer request

  IREN pushed more than $4 billion in projected annualized revenue to at least January after Microsoft asked to reconfigure 200 MW for frontier models. Revenue hit $228 million, up 66% quarter over quarter.

  CNBC · Nov 5
• Biggest after-hours moves: DraftKings, Cloudflare, Airbnb, Atlassian

  Airbnb rose 11% and Cloudflare 14% after hours. JFrog jumped 25%. Atlassian fell more than 15%, DraftKings 22% and Affirm 11% on soft guidance.

  CNBC · Nov 5
• Tesla and SpaceX lose more than $420B combined after the midterms

  Combined market value for Tesla and SpaceX fell more than $420 billion after the midterm results. Investors are repricing political risk around both companies.

  CNBC · Nov 5
• Retail traders dump the most stocks in a day since the Covid selloff

  Vanda tracked $338 million in net retail selling, the largest one-day dump since March 2020. Small traders joined the broader AI and tech selloff.

  CNBC · Nov 5
• Wall Street's fear gauge surges the most since April

  The VIX rose as much as 5.7 points to above 28, its highest since March 31. Its intraday range topped 11 points, the widest since April 9. The S&P 500 fell 3%.

  CNBC · Nov 5
• The rotation out of tech is becoming a risk for the broader market

  The SOXX chip ETF fell more than 23% in the past month, and Intel and Cerebras nearly halved. The Dow rose 4.1% over the same month. Tech makes up 37% of S&P 500 market value.

  CNBC · Nov 5
• Barkin sees interest rate hikes ahead, but at a gradual pace

  Richmond Fed President Tom Barkin expects gradual hikes from the current 3.75% to 4% range. He votes on the FOMC in 2027.

  CNBC · Nov 5
• How the midterms could fuel the K-shaped AI trade

  JPMorgan's James Sullivan says neocloud borrowing spreads widened, keeping their cost of capital well above hyperscalers. On Wednesday Microsoft and Amazon each rose more than 6%. CoreWeave fell about 10%, Micron 7% and Nvidia 3.17%.

  CNBC · Nov 5
• Treasury yields continue to fall after midterms, traders look ahead to jobs data

  At 4:11 a.m. ET the 10-year yield was about 3 basis points lower at 4.865%. The 2-year was flat at 4.581% and the 30-year fell 3 basis points to 5.245%.

  CNBC · Nov 5
• NextDC shares surge after Goodman, Digital Realty stake purchases

  NextDC shares rose more than 42% after the two firms bought stakes of up to 9.9% at A$9.50 a share. They have no current takeover plan but reserve the right to bid. NextDC's board called the purchases opportunistic.

  CNBC · Nov 4
• Stock futures mixed after Nasdaq correction as Asia tech sells off

  U.S. futures were mixed after the Nasdaq correction, with the Nasdaq-100 up about 1%, the S&P flat and Dow futures down 467. CME FedWatch put about a 70% chance of a 25 bp hike on Dec. 9.

  CNBC · Nov 6
• Biggest after-hours movers: Coherent, AppLovin, Expedia, Qualcomm

  AppLovin jumped more than 20% after hours. Figma fell about 7% despite beating estimates, and HubSpot dropped more than 8%.

  CNBC · Nov 4
• Hyperscalers and Apple surge after election results

  Amazon rose 8%, Google more than 6% and Apple about 7%. Voters rejected data centers in 40 of 41 local ballot measures.

  CNBC · Nov 4
• Stocks making the biggest moves midday: CoreWeave, Micron, Booking Holdings, McDonald's, CVS Health & more

  Data center plays fell after the midterms. CoreWeave dropped 9%, Iren 11%, Comfort Systems 17%, and Vistra 13%. Nebius slipped about 6% and Micron 5%. FIS fell 24% on an outlook cut, while Block rose almost 16%.

  CNBC · Nov 4
• AI stocks slide as Texas governor result raises data center risks

  Texas was the default site for the AI buildout. Wells Fargo had called a Democratic win a possible left-tail event for the AI trade. Nasdaq-100 futures fell 0.8%, CoreWeave dropped 7% and Oracle 4%.

  CNBC · Nov 4
• Elon Musk’s record election bet backfired. The backlash may reach beyond one billionaire

  Campaigns spent $173 million on data center ads, almost all negative. At least 10 of 41 local measures approved bans or restrictions. SpaceX and Tesla fell heavily premarket, while Amazon, Alphabet and Nvidia recovered.

  CNBC · Nov 4
• Treasury yields fall as investors crowd into bonds for safety amid election stock sell-off

  The 10-year Treasury yield fell nearly 5 basis points to 4.902% as investors moved into bonds. Nasdaq-100 futures slid 2%, and AI shares led the decline on fears of a slower data center buildout.

  CNBC · Nov 3
• Meta seeks to raise up to $25 billion in debt sale as AI spending jumps

  The $20 billion to $25 billion bond sale follows S&P's cut of Meta's outlook to AA- negative, citing capex and negative free cash flow. Meta posted negative free cash flow of $2.12 billion last quarter and plans to raise another $95 billion in equity.

  CNBC · Nov 3
• AMD stock jumps 8% on earnings as data center revenue nearly doubles

  Revenue rose 45% to $13.38 billion, and data center now makes up 64% of sales. AMD guided to about $17 billion for the fourth quarter, above the $16.2 billion estimate. CEO Lisa Su tied rising server CPU demand to AI agents.

  CNBC · Nov 3
• Shopify falls 7% after Q3 revenue and merchandise volume miss estimates

  GMV was $119.15 billion against $120.03 billion expected. Harley Finkelstein called this the first holiday season where AI-assisted shopping goes mainstream.

  CNBC · Nov 3
• Treasury yields rise as investors weigh midterm vote, jobs data and Iran tensions

  The 10-year yield rose to 4.9167% as midterm voting began ahead of a busy week of jobs data. WTI crude rose 1.57% to $97.97 after U.S. strikes on Iran's Qeshm Island.

  CNBC · Nov 3
• Blackstone president calls for more equity to fund AI buildout as debt risks mount

  Jon Gray said lenders face concentration risk from AI borrowers, so the buildout needs more equity. Pimco's Emmanuel Roman cited about $550 billion of AI debt issued this year and warned, "At some point in time, it's going to be too much."

  CNBC · Nov 3