Carmen Reinicke

It seems as though it offered some, well, relief, rally, but why are we fading it?

Well, I mean, we're really seeing like so goes NVIDIA, so goes the rest of the market.

And you're right.

This report was really overwhelmingly positive.

And, you know, we did see a share spike sort of immediately after, popped in after hours.

It was up this morning.

seem to be broadening out into other AI names.

But I think what we might be seeing now is just a little bit of fatigue.

I spoke to at least one investor that said they were actually surprised and thought the move was quite muted for how good the report was.

The revenue guidance was great, and then they even sort of doubled down in this $500 billion forecast and said they might do even better than that.

That's hugely bullish and shows that spending for AI is set to continue.

We could just be seeing some fatigue here, some shakeout.

NVIDIA shares are still up 40% this year.

And overall, the NASDAQ has done really well.

And valuations are high.

So we could just see a little bit of thrashing here because of that.

Yeah, it was actually very broad-based, so we did see the Neoclouds move, like you mentioned, CoreWeave, Nebius were up after hours, but we even saw rival chip makers move, AMD was up, Broadcom was up, Marvell was up, Micron, the other hyperscalers, the Mag7 names, so Meta, Alphabet, Microsoft, although I think that's dipped into the red just now,

And Alphabet closed at another record high yesterday and was extending those gains as well.

So we did see some broad-based moves that seem to be linked to AI optimism and those AI names and just seeing a little bit of a turn there now.

Well, you make such a good point, which that there are all these other macro backdrop things happening that are really important and are also weighing on the market.