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SK Elice -30% on IPO debut / How real is-was the $500bn NVDA AI infra deal / Brent $110, diesel closer to $200 !
Remember when NVDA announced a 'completely' imaginary $500bn Ai infra deal, everyone wrote about it how it was REAL..and now nothing much happening :... good times... >>> Per Bloomberg, Goldman, Blackstone and Apollo have been having "slow progress" on AI data centre debt deals, but Jensen Huang decided to rush out the $500 billion announcement, which has "no obvious provenance."
Markets : KOSPI down 4% (https://www.tradingview.com/symbols/KRX-KOSPI/?timeframe=60M), SK AI Elice Group down 30% on it's IPO debut, Brent near $110 as Houthi attacks on Saudi energy, airport and military targets and reported vessel attacks in the Gulf kept a geopolitical risk premium in place. Markets also weighed a US executive order waiving some Russian energy sanctions and tariffs, although a final decision on the measure remained pending, Copper highs, Corn longest losing streak since early 2025 on weak demand, Bank of Japan may raise inflation forecast, stand pat on rates
AI debt : CDS volume linked to hyperscaler debt has absolutely EXPLODED. It's up almost 5x since June - near record highs (thread), U.S. bans DeepSeek from government agency systems amid AI rift with China
Copper is outshining gold this year. Investors say the rally can survive an AI correction
Ed Zitron on X: "Per Bloomberg, Goldman, Blackstone and Apollo have been having "slow progress" on AI data center debt deals, but Jensen Huang decided to rush out the $500 billion announcement, which has "no obvious provenance." So I guess it was all BS then? https://t.co/5V9h5AMpes https://t.co/SGizuAxBGM" / X
Of course, cut spending, pension reforms (you can't live longer and retire earlier, demogrpahics are pretty simple and clear..)
Lisa Abramowicz on X: "A big source of comfort for equity traders has been the solid credit market. But that's been eroding in the past few weeks as corporate bond yields creep higher, particularly among weak companies. Yields on the lowest-rated bonds are now the highest since 2022. https://t.co/pU0mOvSDnA" / X
Nic on X: "This shows just how nervous investors are getting about AI debt. CDS volume linked to hyperscaler debt has absolutely EXPLODED. It's up almost 5x since June - near record highs. Spreads are also considerably higher than the Investment Grade index. Insurance is expensive. https://t.co/1mZSf5w0t5" / X
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