AI Infrastructure Boom Drives Market Movers | Closing Bell

Summary

The hosts discussed market moves driven by AI infrastructure spending. Key movers included Super Micro's strong earnings and guidance, Lumentum's optical demand, and Nvidia's central role. A Wells Fargo source suggested CPI is the last hurdle before semiconductor strength, while Nvidia's funding deals lifted KKR and Apollo. Riot Platforms gained on an Anthropic AI deal. Oil edged higher and bonds rallied ahead of CPI.

• S&P and Nasdaq ended lower, Russell 2000 green in a hold-pattern ahead of CPI
• Super Micro (SMCI) beat earnings, guided well above estimates, and highlighted massive AI server backlog
• Lumentum (LITE) beat on earnings and guidance, benefiting from AI optical connectivity demand
• Wells Fargo source said CPI is the final hurdle for semis, specifically Nvidia and Broadcom
• Nvidia's $500 billion AI infrastructure financing coalition boosted KKR and Apollo
• Riot Platforms (RIOT) surged on a 20-year AI computing deal with Anthropic
• WTI crude rose to $83, Brent near $90; U.S. bond yields fell slightly