News
🚨 🇺🇸 Tech rout deepens with the Nasdaq 100 down 3.4% as Anthropic reportedly faces a junk rating and Intel posts a record fall
🚨 🇺🇸 Tech rout deepens with the Nasdaq 100 down 3.4% as Anthropic reportedly faces a junk rating and Intel posts a record fall
- 🇺🇸 The tech sell-off deepened into the European close: the Nasdaq 100 extended its fall to 3.4% and the S&P 500 dropped 1.7%, while Intel was down about 30%, its biggest one-day fall on record (newswires and market reports, )
- 🇺🇸 Blackstone has told investors Anthropic may not secure an investment-grade rating after its IPO, with a high junk rating expected, according to a press report (newswires, )
FO view: The AI capex question is turning into an AI credit question: a top lab heading for junk and a megacap leaning on supplier financing both point to spending that is outrunning cash flow, which is why tech keeps falling after the slide.
Not investment advice.