AI rout, semis crash and violent bounce
The semiconductor index had its worst 5-day drop since 2001, then equities bounced sharply at the open. Anthropic IPO odds are fading and AI credit is under stress.
What we know
Kobeissi says the SOX fell 21.8% in five sessions. The open then saw Nvidia +6% and AMD +12.6%, with about $700B added in 20 minutes. An account on X reports Anthropic IPO talk sliding to $1.2T, and Kalshi odds of an announcement before December have fallen to 57%. Bloomberg reports a $500M data center loan dump, and CME delayed GPU rental futures. Retail participation is disputed: Schwab says retail did not buy the dip, while another RT claims $100M of late buying. Flood fears the lows get run first.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.