Locator: 49317MARKET.
S&P 500 at record high -- at the open.
GOLD at record high -- at the open: passes $4,000 for the first time ever. Now, it's clear (check out Costco) -- gold is in a shortage. Costco demand exceeds supply.
Natural gas: quietly, stealthily, moving up -- $3.50.
OpenAI's computing deals: top $1 trillion. Link here.
China: all of a sudden, not hearing so much.
Tech: but let's call it a bubble.
- Big investment story at the moment: AMD holds its gains from yesterday; up another ten points in futures this a.m. Analysts: price targets raised significantly. Opens, $14 up.
- IBM: up $8.30 at the open -- Anthropic (think Claude) and IBM partner in bid for business customers.
- set to break out -- link here.
- MU: up $3 at open;
- TSM: up $2.50
- Broadcom: up slightly at the open; essentially flat
- QCOM: up $3 at the open.
- GLW: futures, up slightly; essentially flat
- SCCO: futures, up 1.3%. This $75-stock now trading at $131.
More on that IBM-Anthropic tie-up:
Anthropic is a top rival to ChatGPT-creator OpenAI. Amazon (AMZN) is one of the startup's largest investors. The partnership with IBM comes as Anthropic is making a broader push into offering tools for enterprises, including software to help automate coding. Last week, Anthropic release Claude Sonnet 4.5, which it described as the best coding model in the world.
The Anthropic partnership is among several announcements from IBM Tuesday morning, ahead of the company's annual TechXchange developer conference. Through a news release, the 114-year-old tech company highlighted its Watsonx Orchestrate offering, which is said has more than 500 tools to help businesses deploy customized AI agents.
IBM is among enterprise tech providers racing to offers software that enables AI agents, which can go beyond the capabilities of AI chatbots by autonomously completing tasks. Amazon, Microsoft (MSFT), Oracle (ORCL) and Salesforce (CRM) are among tech giants to offer agentic AI tools.
Chyron:
- Dow: up 57 points, futures;
- S&P: up 9 points, futures
- NASDAQ: up 68 points, futures
- Dell: nice bump; ups guidance:
- TSM: up nicely;
- ORCL: up a bit; then plunges on news that the company is losing money on renting Nvidia blades.
- INTC: up a bit;
- Copper: up;
- MP Materials: up a bit
- F: down a bit;
- AMD: up $10
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Disclaimer
Brief
Reminder
Briefly:
- I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- Longer version here.