Latest / MPC Markets Morning Call
Oil tops $100 AI Rout as Chips Sink for 8th Day
Oil tops US$100 and Brent clears US$110 as the AI sell-off rolls on — chips have now fallen for eight straight days, their longest losing run since 2008, shedding more market cap than the entire ASX 200. Mark and Phil cover the AI unwind (Broadcom, Micron, AMD, Intel, Lam Research, Applied Materials, Oracle, and CoreWeave down ~12% Friday), why credit default swaps on AI debt are suddenly in focus, and the difference between secured, unsecured and convertible debt across the big names.
Also today: bond yields falling on a safe-haven bid, the Nasdaq 100’s worst week in 18 months, the ASX…
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