Roughly half of the S&P 500’s current earnings growth reflects AI capital spending, according to Goldman Sachs Research. That makes this week’s question an uncomfortable one, because one company’s capex is another company’s revenue, so what happens to earnings if the spending slows? Elon Musk pledged one SpaceX share to every child in America next year, worth about $10.5 billion, a day after Anthropic said it would commit 5% of its shares to a public benefit fund and proposed a bill letting Washington halt a frontier model only at $1 billion in damage or 50 casualties. Plus a Fed decision Bank of America still thinks could be a hike, and Nscale losing Microsoft weeks before its IPO.
Featuring
Julie Hyman, Host, Yahoo Finance
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Timestamps
0:00 Is this the sell-off, or just a sell-off?
0:19 Last week by the numbers, and who led it down
2:10 The largest tech sell skew in more than five years
3:15 Three things that would turn a bull bearish
5:04 Half of S&P earnings growth reflects AI capex
5:29 One company’s capex is another company’s revenue
6:13 A P problem, not an E problem
7:55 The Fed meets next week and a hike is not off the table
8:45 Local pushback on a Chicago-area data center
10:47 Nscale loses Microsoft weeks before its IPO
14:19 Why go public at all right now
15:00 Anthropic pledges 5% of itself to a public benefit fund
20:17 A SpaceX share for every kid in America
21:41 “But the children,” and the problem with that
23:22 A bill that starts at $1 billion or 50 people
25:05 France is burning and the bond spread is blowing out
30:13 Indonesia under threat of an index removal
32:11 Earnings week, and what each of us is watching
37:19 The biggest defense week of the quarter
41:45 Intel gets upgraded, but only to neutral
44:15 A $15 million opening for a documentary
#AIStocks #FederalReserve #ElonMusk #The830 #YahooFinance
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