Ready for the firehose? QQQs +1.8% after being down -1% post-market yesterday following initial Azure #s for MSFT which definitely feels like a NT bottom in the QQQs to us as AI names taking a turn higher this morning. Market took a turn for the better in the early evening, led by AI semis as MSFT’s capex #s and 2H azure acceleration comments, along with AMD’s better than feared numbers. We also got some better geo-political news on the semi front overnight, which is helping names like ASML. MS moving NVDA back to top pick. Yields are flat this morning; China +2%; BTC flat.
Let’s get to it (earnings recaps first, then research/news…)
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