- Nvidia closed down more than 3% on October 14, leading semiconductor stocks lower.
- A hotter-than-expected inflation read raised worries about more Fed rate hikes and a higher cost of capital for the AI trade.
- Long-dated bond yields rose before trimming gains after September inflation data was released.
- CoreWeave fell more than 16% after a chart of neocloud providers' bond yields circulated on social media, highlighting debt-heavy balance sheet concerns.
- Investors are watching TSMC quarterly results on October 15 and ASML capacity commentary for signals on the AI buildout.
Quotes
“Chip giant Nvidia (NVDA) closed the session down more than 3%, leading the sector lower”
“CoreWeave (CRWV) stock fell more than 16% after a chart of the neocloud providers' bond yields circulated on social media.”