S&P 500 futures are up 0.4-0.5% after last week's AI-led selloff erased about $5 trillion. Intel (-28.58%) and Reddit (-29.22%) led Friday's losers on weak guidance.
Top News
S&P futures
S&P 500 futures are up 0.4-0.5% and Nasdaq-100 futures up 0.8-0.9% as stocks rebound from last week's chip-led selloff (per CNBC; Yahoo Finance).
INTC Intel
Intel fell 28.58% Friday after fourth-quarter guidance came in below estimates, and Morgan Stanley cut its target to $75 from $84 while keeping a Neutral rating (per Yahoo Finance).
RDDT Reddit
Reddit closed down 29.22% at $91.73 after weak Q4 revenue guidance and CEO comments that Google search referral traffic fell meaningfully (per CNBC).
Brent crude
Brent fell about 3% toward $110 after Trump signaled the Iran conflict may end, easing energy worries (per CNBC; Benzinga via TradingView).
Hear today's briefing on YouTube →
Trending on X
PLTR Palantir
Palantir reports after the bell Monday and is down 6.27% on the day (per Crypto.news calendar).
AMD Advanced Micro Devices
AMD reports Tuesday alongside Super Micro and is down 10.88% on the day (per Crypto.news calendar).
QCOM Qualcomm
Qualcomm reports Wednesday alongside AppLovin and is down 11.12% on the day (per Crypto.news calendar).
APP AppLovin
AppLovin reports Wednesday alongside Qualcomm and is down 10.36% on the day (per Crypto.news calendar).
SHOP Shopify
Shopify is down 5.63% on the day, with no sourced catalyst in today's research.
AI Economy
AI selloff
47 AI and chip stocks lost roughly $5 trillion last week, with Nvidia and Alphabet each down about $834 billion (per Yahoo Finance).
OpenAI funding
OpenAI reportedly lowered its target for a new round that was pegged at $30 billion ahead of a planned IPO, after drawing weaker-than-expected interest (per Sync #595, citing multiple reports).
NVDA Nvidia data center
Nvidia is reportedly weighing loan guarantees for a West Virginia data center that would serve Anthropic, as neoclouds struggle to raise money (per Sync #595, citing reports).
Smart Money
AMZN Amazon
Today's research found no sourced catalyst behind the analyst buying in Amazon, so no driver is claimed.
See all of today's top buys at fintwit.ai
AI Pick
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