Steph McGovern

Two stocks that show the divergence, CoreWeave and Micron.

Now, shares of compute provider CoreWeave, as you see, down 44% in a month, while Micron has seen a 24% rise on demand for its memory chips.

Bloomberg executives reporter Carmen Reinecke has been writing about

What seems to be suddenly some discernment coming from the investor base.

Let's take Corweave first and foremost.

It's still much higher than its IPO, but why are we suddenly seeing a bit more pressure on the stock?

That debt is an issue and they just want to make sure that it's going to be, you know, OK, going forward.

Yeah, the same sort of concerns, nervousness crept in when Meta sold $30 billion of bonds, but then Alphabet gets a pass, they sold debt, and we're seeing Amazon come to the market as well today.

I'm interested then on the haves, because Micron, look, memory flying off the shelves.

It seems as though their share prices rocketed this year.

But we're just seeing a huge sort of diversion in the names that people are flocking to and then selling off.

We want to know who's got the margin and who's got the capital to be able to afford all the investment.

It's so good.

Your writing's always brilliant.

Carmen Reinecke, we appreciate it.

Meanwhile, more on the AI anxiety in the markets that are just skittish ahead of NVIDIA's numbers.

Fiona Sincotta is with us, Citi Index Financial Markets Senior Analyst.

Fiona, we just come off this conversation with Carmen where people are deciding that they would perhaps sell off some of their previous winners and certainly ones that have taken on a lot of debt.

Is that something you're seeing?

Yes, I think we are seeing that investors are becoming more selective over where they want to invest as far as the AI trade is concerned.