US stocks ended mixed on Monday, with the Nasdaq leading gains as chip and AI-linked stocks bounced back after last week’s sharp selloff. Investors also tracked corporate earnings and fresh stock-specific moves, while concerns over AI spending and financing remained in focus.
Hedge funds cut technology exposure at the fastest pace in at least a decade as the global AI trade weakened and tech stocks bore the brunt of last week’s selloff. Goldman Sachs data showed funds reduced risk sharply, although technology remained a major part of their portfolios.
S&P Global warned that hyperscalers could be carrying more AI related debt than currently visible through financing structures linked to data centres and smaller AI firms. Despite rising concerns around AI infrastructure debt, the agency saw no immediate need for rating changes, while flagging profitability and escalating investment as key risks.
Jio Platforms successfully raised approximately Rs 8,110 crore from 212 anchor investors before its upcoming IPO. The company allotted shares to well-known investors such as LIC, BlackRock, and Fidelity. These allocations indicate strong interest from both domestic and global institutional investors. The IPO is expected to surpass the previous record held by Hyundai Motor India. Jio Platforms aims to achieve an equity valuation of nearly Rs 10.3 lakh crore.
AI stocks rebound after last week’s sharp selloff, with semiconductor stocks leading the recovery. CoreWeave gains after Goldman Sachs upgrades the stock to buy, while Intel, Nvidia, AMD and Broadcom also rise. Investors now turn to upcoming technology earnings for clues on AI spending, valuations, debt and interest rates.
Ireda has announced a net profit of Rs 554 crore for the September quarter of FY27, reflecting a robust financial performance. Revenue from operations increased by 14%, totaling Rs 2,345 crore. Additionally, loan disbursements surged by 31%, reaching Rs 10,579 crore. This quarter also marked an 11% rise in net worth, showcasing Ireda's strength in renewable energy financing and management of asset quality.
Amazon has unveiled TorchNeuron, a revolutionary tool that enables PyTorch code to be executed seamlessly on its Trainium AI chips. This innovation claims to minimize the need for extensive code alterations, making integration easier for developers. Over 30 early adopters have attested to remarkable cost efficiencies, prompting industry giants like Nvidia and Google to amp up their own offerings.
Protests across France have led to significant declines in the country's financial markets and stocks. French government officials requested local authorities to consider imposing curfews amid the unrest. The rise in bond yields suggests increasing investor concern over France's budgetary challenges and economic outlook. Major French banks have experienced stock declines, reflecting the heightened risk of insuring French debt.
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