Welcome to Markets Desk, here's what's moving the needle right now.
Meta Platforms just flashed a golden cross on its chart, meaning its fifty-day moving average has crossed above the two-hundred-day — a technically bullish signal that tends to attract momentum traders. The move comes on the back of sustained enthusiasm around Meta's AI assistant, Muse, which has kept institutional interest firmly in the stock.
Shifting to memory markets, Micron reported another strong quarter driven by surging AI infrastructure demand, and the debate on the Street is now whether the rally has legs. Bulls point to Micron's irreplaceable role supplying the memory chips that make large language models run. Bears warn that memory is a cyclical business, and peak margins rarely last.
And in digital assets, Russia has formally registered its first crypto exchanges and custodians under its new regulatory framework, with state banking giant Sberbank set to launch crypto products on the first of December. Meanwhile, here in the States, Hyperliquid's policy chief argues that every major exchange will eventually need to migrate to public blockchain infrastructure just to remain competitive — and says U.S. regulatory clarity on onchain markets is closer than most expect.
That's the tape. Markets Desk, signing off the floor.
