Welcome to Markets Desk, your midday read on what's moving markets and the stories behind them.
Intel caught a meaningful bid this session, climbing roughly four and a half percent after JPMorgan upgraded the chipmaker following a brutal fourteen percent weekly decline. The selloff had been tied to concerns around CoreWeave's debt-heavy balance sheet and what that signals for AI infrastructure financing across the semiconductor space.
Shifting to financial stocks, the comparison between CME Group and Coinbase is drawing fresh attention heading into two thousand twenty six. CME's derivatives marketplace posted a net margin of sixty two percent in fiscal two thousand twenty five, a figure that underscores just how durable exchange-based business models can be relative to crypto-native platforms still navigating regulatory and volume uncertainty.
And in the IPO pipeline, Anthropic is now widely viewed as the last significant public market debut with a realistic shot at landing this year, after OpenAI pushed back its own listing. Prediction markets on Kalshi reflect that sentiment clearly, with several other high-profile candidates having already postponed their plans amid choppy conditions for growth-oriented names.
That's the tape. Markets Desk, signing off the floor.
