Kim Kahn

Morningstar analyst Jack Shannon put it bluntly, they will chase performance, they will leave the moment they sense danger.

C.T.

Fitzpatrick of Vulcan Value Partners told the FT, the air has come out of the balloon.

From flood of inflows to gates on the exits, private credit is hearing an echo it hasn't heard before.

Among active stocks, Dollar Tree is choppy after better-than-expected quarterly results were offset by cautious guidance.

The discount retailer sees adjusted EPS of $145 to $160 on revenue of $4.9 to $5 billion.

The midpoints, $152 and $4.95 billion, came in slightly below consensus estimates of $156 and $4.97 billion.

Comparable sales are expected to rise 3 to 4%.

Alibaba is preparing to launch an enterprise-focused Agentech AI service as soon as this week.

Bloomberg reports the tool will help companies deploy task-performing assistants as interest in AI agents accelerates across China.

And Nebius is surging after meta-platforms committed to spend up to $27 billion over five years for access to advanced AI infrastructure.

Under the agreement, Nebius will provide $12 billion of dedicated capacity across multiple locations, powered by one of the first large-scale deployments of NVIDIA's Vera Rubin platform.

In other news of note, a record 331 S&P 500 companies cited AI on earnings calls between December 15th and March 11th, according to FactSet.

That's 68% of all calls during the period.

The figure dwarfs the five-year average of 149.

Five years ago, AI was hardly mentioned.

By sector, financials and infotech led with 67 calls each mentioning AI.

Measured by percentage, infotech topped the list at 94%, followed by financials at 91% and communications services at 89%.

Moving from Silicon Valley to Hollywood, Warner Bros.

had a big Oscars night.