AI Earnings and Inflation Data Test Markets After Friday's Bounce
Updated
Updated · Yahoo Finance · Nov 8
AI Earnings and Inflation Data Test Markets After Friday's Bounce
3 articles · Updated · Yahoo Finance · Nov 8
Summary
Tuesday and Thursday results from CoreWeave, Nebius Group and Cerebras are set to test whether last week’s AI-led selloff was overdone or signals a deeper data-center slowdown.
Those reports matter because investors are weighing two opposing AI trades: weaker data-center spending hurts chip and infrastructure names, while easing compute pressure could lift Big Tech profits and AI monetization.
Inflation data now adds a second pressure point, with New York Fed expectations due first, consumer inflation on Tuesday and wholesale prices on Friday after a hot jobs report revived rate worries.
Goldman Sachs’ panic gauge and Friday’s rebound suggest extreme positioning may support another bounce, but DataTrek said the recent swings still look AI-centric rather than a warning of recession.