Equities slide, semis break down, AI credit stress builds
US stocks reversed lower, with semiconductors breaking their 200-day moving average. Credit concerns around AI infrastructure grew, with CoreWeave bonds below 80 cents and Anthropic's spending commitments drawing attention.
What we know
An account on X says SPX is down about 90 points from its high, and another account on X calls semis a massacre. CoreWeave bonds are back below 80 cents. Apollo's Rowan questions 16-18% yields on companies with $40-60B market caps. The FT reports Anthropic has committed to nearly $900B of AI infrastructure spending. Goldman flags crowded Mag7 as the next source of funds. US equity funds had $6.7B of outflows, though November seasonality is historically strong.
Sources
“committed to spend close to $900bn on AI infrastructure”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.