Good evening, this is Markets Desk with your end-of-week briefing.
Wall Street closed out its worst week since June, with a broad selloff sweeping through the AI trade. CoreWeave, Alphabet, and other names tied to artificial intelligence infrastructure took heavy losses, while Treasury yields tumbled as investors rotated toward safety. The move signals growing skepticism about near-term AI monetization timelines.
That skepticism gets an interesting counterpoint from inside the industry itself. Anthropic surveyed over one thousand three hundred of its own employees, and the results are striking — most staffers expect unemployment to top twelve percent by two thousand thirty, and they believe AI will reshape the economy far more dramatically than the general public anticipates. When the people building the technology are that certain, markets tend to eventually listen.
Meanwhile, CIBC initiated coverage of Constellation Energy with an outperformer rating on October sixteenth, two thousand twenty six. The move reflects continued institutional conviction in the nuclear energy buildout underpinning AI data center power demand. Constellation sits at that intersection of clean baseload power and surging compute infrastructure, making it a name analysts keep returning to.
That's the tape. Markets Desk, signing off the floor.
