BREAKING 🚨: CPI Just NUKED Wall Street But Nebius is RIPPING 15% on a Massive Nvidia Bombshell 🔥
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Morning brief: Hot 3.8% CPI Spikes Yields; Chip Stocks Tumble
A hotter-than-expected 3.8% April CPI print has rattled the pre-market, spiking bond yields and forcing a brutal reality check on rate-cut hopes. This macro shock triggered a broad unwinding in semiconductors, exacerbated by South Korea floating an AI dividend tax and fears over $100 billion in leveraged ETF exposure. Watchlist favorites felt the sting, with high-flyers SNDK, CRWV, and MU shedding serious ground, driving a 2.6% drop in SMH that pauses its scorching year-to-date momentum. Interestingly, NVDA shrugged off the sector-wide carnage to stay green. Conversely, NBIS is poised to explode at the bell following a monstrous pre-market earnings beat, posting 684% revenue growth and securing a massive 1.2 GW AI factory in Pennsylvania. Meanwhile, USO jumped 4% as ongoing Strait of Hormuz closures squeeze oil supplies. Watch how equities digest this inflation scare off the open, as rising yields stress-test the AI trade's resilience.
Posture: Defensive on broad semis due to a hot 3.8% CPI and rising yields, but aggressively targeting idiosyncratic momentum and inflation hedges.
Upcoming earnings
Evening brief: BREAKING 🚨: CPI Just NUKED Wall Street But Nebius is RIPPING 15% on a Massive Nvidia Bombshell 🔥
A blistering 3.8% April CPI print shocked markets today, driven by surging oil prices and cementing a higher-for-longer rate reality. Nebius Group exploded 15% after crushing earnings, scoring a multi-billion dollar Meta cloud contract, and landing a strategic equity investment from Nvidia. Marvell Technology spiked 8% after a surprise 13F filing revealed a new AMD stake, and BofA slapped a $200 target on the chipmaker. Alphabet climbed 4% as blowout Google Cloud growth and newly unveiled Gemini AI agent features at its Android showcase kept momentum traders buying. Expect massive volatility heading into Nvidia's earnings next Wednesday; it's the ultimate test of whether AI growth can overpower this inflation shock.
Posture: Defensive rotation into AI infrastructure. Hot CPI confirms higher-for-longer rates, pressuring software multiples while upstream hardware thrives.
Tickers in focus: NBIS, NVDA, SPY
Upcoming earnings
The day's moves on the ledger
No slate changes were logged this day.
← Tuesday, May 12, 2026 · Thursday, May 14, 2026 → · Archive