Latest / MPC Markets Morning Call
SpaceX Fires up AI as Tesla & Meta Beat
SpaceX lit up the AI trade overnight while Tesla and Meta both beat after the bell. Chips bounced hard (Supermicro +9.5%, Nvidia and the rest green), Tesla free cash flow came in positive $1.53bn against a cash-burn forecast, and Meta’s Q4 guide beat consensus. AT&T sold off despite beating because SpaceX is positioning to be the phone company. Lam Research and Netflix disappointed after hours.
Fed hike odds for the next meeting are down around 15%. UK inflation jumped to 3.5%. Oil remains above $100. Global indexes eked out gains, Nasdaq the biggest winner as the AI trade recovered from its…
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