AI stocks pressured by weak guidance and sales

MRKT Matrix - Tuesday, November 11th

• Dow closes at record high, but Nasdaq slips as investors rotate out of technology stocks (CNBC)
• Hassett: Some economic surveys weren’t completed during shutdown, so we won’t know what happened (CNBC)
• Hassett Says Lost October Data Means ‘Cloudy’ Economic Outlook (Bloomberg)
• Job Seekers Stare Down a Gloomy Holiday Hiring Season (WSJ)
• ‘Ghost job’ postings are adding another layer of uncertainty to the stalling jobs picture (CNBC)
• AMD’s Lisa Su sees 35% annual sales growth driven by ‘insatiable’ AI demand (CNBC)
• Three AI Megadeals Are Breaking New Ground on Wall Street (WSJ)
• SoftBank Sells Nvidia Stake for $5.8 Billion to Fund AI Bets ⁠(Bloomberg)⁠
• ‘Big Short’ investor Michael Burry accuses AI hyperscalers of artificially boosting earnings (CNBC)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs