Tag Archives | Kevin Cramer

MIB Daily: Markets Paid the AI Builders and Sold the Spenders as Micron Jumped 11.9%, Futures Locked In a December Hike, Iran Kept Brent Bid, and Treasuries Reopen Thursday to Deliver Their Verdict

CoreWeave’s beat-and-raise revived the AI-hardware trade: the Nasdaq 100 jumped 2.28% as Micron (+11.89%) and Dell (+11.75%) surged, while Microsoft, Meta and Amazon fell. Futures price a December hike as certain and lean toward a second by January, sending the dollar to its highest close since at least April 15. Brent rose 1.14% as Iran refused to export enriched material. Nvidia lagged as a Senate Republican urged Huang to go. Anthropic’s IPO book is oversubscribed at a $1.4 trillion valuation.

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