Archive | October 10, 2026

MIB Weekly: Markets Paid for AI’s Users, Not Its Builders, as OpenAI Doubts Sank Chips and Staples Led, Bonds Shrugged Off Fed Hike Talk and Brent Held $104, Leaving Wednesday’s CPI to Set the Date

An OpenAI revenue scare split the AI trade: the FT’s ~$50 billion run-rate sank chipmakers and Bloomberg’s $70 billion target revived only software, leaving Intel -12.26% and Palantir +10.75% on the week. The S&P 500 still gained 1.15% after its first close above 7,800, carried by staples, utilities and energy. The 10-year hit a 24-year closing high of 5.315% before auctions drew buyers and the Fed minutes named AI borrowing as a rival for capital.

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  ANNOUNCEMENT : The next generation WLEI3 had its first out-of-sample update! An auspicious moment for index builders.