Overview
- Major indexes fell for the week, with the S&P 500 down about 1.6% and the Nasdaq Composite off roughly 3.0%.
- Nvidia dropped 7.1% and Palantir slid 11.2% for the week, though Nvidia stabilized on Friday and Palantir rebounded.
- Michael Burry’s Scion disclosed large Q3 put positions on Nvidia (1 million contracts; $186.6 million underlying) and Palantir (5 million; $912.1 million underlying), with market effects evident the next trading day.
- OpenAI’s CFO discussed exploring bank, private equity and possibly governmental support for AI infrastructure, and CEO Sam Altman later clarified the company is not seeking government guarantees.
- Financing needs stayed in focus as reports highlighted Meta’s $30 billion private credit deal with Blue Owl and Alphabet’s bond sales of $17.5 billion in the U.S. plus €6.5 billion in Europe.