David Brancaccio

You're listening to the Marketplace Morning Report.

From APM American Public Media.

AI-driven moodiness on financial markets.

I'm David Brancaccio in Los Angeles.

Monday, the stock market consensus was that artificial intelligence will ruin swaths of the economy, and we got a big sell-off.

Then came Tuesday, where a $100 billion MetaFacebook deal to buy AI chips from advanced micro-devices drove a wave of tech optimism that boosted the Nasdaq here 1% and Japan's Nikkei Index 1%.

Good morning.

Can I say it this way?

What is with you people?

I mean, it turns on a dime these days.

I mean, yesterday was guided by huge meta, Facebook, Instagram, etc., doing a huge deal to buy AI chips from advanced micro devices.

But today we get the other big AI chip makers results.

It'll be late in the day after the market closes.

That famous company, NVIDIA.

All right.

And for the rest of us, margin pressure, what's that?

Susan Schmidt is at Exchange Capital Resources.

Yesterday on Marketplace's half-hour program, my colleague Kai Risdahl spoke to Atlanta Fed President Rafael Bostic, who steps down at the end of this week.

inflation and the labor market were part of that, but also those two syllables, AI.

Here's Bostic.