Good morning, you're listening to Markets Desk.
Tech stocks are clawing back ground after a rough stretch, with the sector finding modest footing following a broad selloff. The recovery is tentative — investors are still digesting rate sensitivity across growth names, and the reported pullback in Anthropic's IPO ambitions signals that even the hottest AI stories are not immune to valuation discipline right now.
Staying in the AI space, the debt markets are flashing a warning. Data center financing has flooded the bond market this year, and the performance has been underwhelming for investors who bought in. With capital demands from AI infrastructure only accelerating, that supply pressure on credit markets is not going away — and a Democrat-controlled Congress is unlikely to tighten the spigot.
And on a different kind of deal, Elon Musk appears to be positioning SpaceX for a significant acquisition in the telecom space. The company already competes through Starlink, but a direct challenge to established carriers would represent a fundamental escalation — one that would force legacy telecom names to defend territory they have long considered untouchable.
That's the tape. Markets Desk, signing off the floor.
