WS #6596
No material new developments in the last 30 minutes. The after-hours earnings deluge from SMCI and AMD remains the dominant signal, with no counter-signals or de-escalation events. The 30-year yield at 5% and hawkish Fed bets persist but are unchanged from the previous window.
Key developments
- Super Micro Computer (SMCI) surges 19% after hours on Q3 earnings beat and strong Q4 guidance
- AMD (AMD) beats Q1 expectations, shares up 5.5% after hours on AI/data-center momentum
- Upstart Holdings (UPST) misses Q1 EPS estimates, stock slumps
- 30-Year Treasury yield hits 5%, interest expense balloons to $1.2 trillion
- Traders ramp up bets that Fed could hike rates before cutting (Bloomberg)
- Astera Labs (ALAB) reports better-than-expected Q1 results, issues strong Q2 guidance
- Everus Construction Group (ECG) raises FY26 sales guidance above estimates
- Coty (COTY) reports Q3 EPS miss