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Marvell laid out an $80 billion plan and got 1% for the week. Lumentum said it has nothing left to sell until 2029 and got 5% in a day. Here is the week with receipts, and a Moonshot for October 12–16.
Read articleTape shrugs off the OpenAI scare; a spectrum bomb rearranges the telco tape
Read articleThe ten-year touched 5.36 percent, it’s highest since 2002, and the minutes of the September meeting said another hike is likely before year-end. The S&P and the Nasdaq gave back Tuesday's records, the Russell fell for a fourth day, and the bid went to pharma rather than to the small caps the rally keeps leaving behind. After the bell, Levi beat on earnings and raised its outlook, and Applied Digital posted a quarter driven mostly by tenant fit-out.
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Broadcom's Own Release Had the Structure 82 Sessions Before the Report That Moved the Stock
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SpaceX Had $100 Billion in June and Wants $40 Billion More for Chips
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Three-Quarters of Google's 3,590 Megawatts Already Exist, and the Rest Are Promised by 2032
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Fifteen errors: nine from a session that ended with the Nasdaq at a record, six from Friday's jobs report. Thursday's forecast is scored, the ten-year is reconciled value by value, and eight errors are named for Tuesday before they are printed.
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A $7 Billion Lease, a $664 Billion Backlog, and No Document That Connects Them
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For four sessions, the highest Treasury yields in twenty-four years set the terms, and the major averages bled toward a losing week. Then September payrolls landed at a third of what the Street expected, the October-hike trade fell from a coin flip to one-in-seven, and Friday ripped. The averages still closed the week red. The bond market, pointedly, did not rally.
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AI Will Work for Two Dollars a Call. Here Is the Bill It Sends Everyone Else.
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A Capacity Claim With No Lag at All, and the Company Document Published Beside It That Nobody Read
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Broadcom has agreed to lend Anthropic up to $42 billion toward a $125.2 billion chip lease, by Reuters' account of a prospectus the public cannot read. The same figure has been in Broadcom's own quarterly report since September 10. On Thursday the chip trade rose and the lender fell.
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The ten-year Treasury yield touched its highest level since 2002 and then closed lower, yet one closing item still had it rising. Eight entries tonight, three about a jobs report that has not been published. Nine errors named for Friday before they happen, because the day already split in two.
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A Taiwanese business daily put six fabs and a number larger than $265 billion into print on Monday night. Reuters found two sources on Wednesday morning. The one sentence that cuts against the claim was in the first sighting and in almost nothing after it.
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Micron's Customers Put Down More Cash Last Quarter Than Micron Spent on Its Factories
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The scarcest input in the AI buildout is not compute. It is somewhere to keep what a model is thinking about while it waits for you to type. The industry's answer is not one chip but a staircase — fastest and smallest next to the processor, cheaper and slower with every step out — and the next two quarters will show who gets paid on each step.
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This issue argues that the market's errors recur as errors of timing, level, or comparison. An inflation report measured against a revised July, a Nasdaq printed two thousand points too high, and a rally still running at five o'clock that had ended by four: these are the kinds of errors that recur here. Ten entries, yesterday's forecast scored a day late, and eight errors named for Thursday.
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