Nvidia -3%, AMD -5%, Intel -5.9%, Marvell -5.5%. The AI demand narrative weakens after Anthropic's revenue deceleration and hot inflation data. Taiwan Semi beat but couldn't stem the tide. PPI data next.
Anthropic Q3 revenue $16.8B, up 46% QoQ, slowing from 143% in Q2
September CPI hot, S&P 500 -1.1%, Nasdaq -1.9% on Wednesday
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
