WS #16065
Fear & Greed hit extreme fear as the Nasdaq fell 2%, with Evercore explicitly flagging the risk of the AI bull market turning into a correction. Amidst this, Broadcom reported a massive 150% YoY jump in pre-print AI revenue, highlighting the divergence between high-level sentiment and specific hardware demand. Investors are closely watching implied-vs-realized metrics for hyperscaler spending as earnings season begins. China’s Q3 GDP grew 4.5%, beating estimates, driven by strong exports and high-tech manufacturing. However, a divergence in chip data—where export values surged 136% but volumes rose only 1%—suggests growth is price-driven rather than volume-driven. This nuance is critical for assessing the sustainability of the export-led recovery and its impact on global supply chains.
AI Valuation & Tech Selloff
Fear & Greed hit extreme fear as the Nasdaq fell 2%, with Evercore explicitly flagging the risk of the AI bull market turning into a correction. Amidst this, Broadcom reported a massive 150% YoY jump in pre-print AI revenue, highlighting the divergence between high-level sentiment and specific hardware demand. Investors are closely watching implied-vs-realized metrics for hyperscaler spending as earnings season begins.
China’s Q3 GDP grew 4.5%, beating estimates, driven by strong exports and high-tech manufacturing. However, a divergence in chip data—where export values surged 136% but volumes rose only 1%—suggests growth is price-driven rather than volume-driven. This nuance is critical for assessing the sustainability of the export-led recovery and its impact on global supply chains.