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The Marked Chart Wire · Markets
Nasdaq
The Nasdaq climbed above its 50-day moving average, driven by gains in SpaceX and Super Micro Computer. Meta and Tesla are set to report earnings later.
AI Stocks
The tech-heavy index dropped 0.8 percent this week, falling 7.3 percent from its monthly high. Bond buying pushed the 10-year yield under 5 percent, while Meta shares slid over 9 percent on infrastructure cost worries.
AI Spending
Tech shares fell on concerns about artificial intelligence spending. Gene Munster maintains the AI revolution is in its early stages and expects Meta to reshape commerce.
Markets
The S&P 500 fell 1.5 percent and the Nasdaq 100 lost 3.1 percent amid rising oil prices. Meta shares dropped 7.6 percent on worries about artificial intelligence costs.
AI Chip Substrates
Tesla and Nvidia are said to back a $2.8 billion expansion of AI chip substrate production at Samsung Electro-Mechanics in South Korea. Nvidia contributes $1.97 billion and Tesla adds $830 million.
Credit Risk
Credit risk measures for Meta and Tesla reached new highs. The moves followed reports of higher spending plans at Meta and lower spending plans at Tesla.
Market Futures
U.S. stock futures declined on Thursday following a sell-off in Asian markets and rising tensions in the Middle East. Netflix, SpaceX and Super Micro Computer were among the stocks in focus.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.