Mission Impossible: Finding Value In A Volatile Market

About this episode

Dan Nathan and Guy Adami discuss the implications of a volatile market influenced by CPI data and sector performance.

Dan Nathan and Guy Adami discuss a volatile Friday session after a hotter-than-expected CPI, with software making multi-year lows while semiconductors push to highs, raising the idea that “something’s gotta give.” They point to Microsoft’s sharp drawdown as emblematic of software weakness and debate whether capitulation is near as earnings approach, while semis rally on incremental AI hardware headlines like Broadcom’s TPU-related deal with Google and Anthropic. They consider a 2026 “trade” of bottom-fishing battered software and fading crowded semis, flagging Intel’s rich valuation and Qualcomm’s lagging performance despite an edge-AI/inference narrative. They also note security stocks selling off despite rising AI-driven vulnerability concerns, warn that any hyperscaler CapEx pullback could hit semis hard, and preview bank earnings amid mixed signals on consumer credit, deregulation/IPO optimism, and cyclical risk, alongside geopolitics affecting oil and Taiwan. Articles Mentioned Why the ‘SaaSpocalypse’ doomsayers are wrong (FT) Anthropic Model Scare Sparks Urgent Bessent, Powell Warning to Bank CEOs (Bloomberg) —FOLLOW USYouTube: @RiskReversalMediaInstagram…

People in this episode

Hosts: Dan Nathan, Guy Adami

Topics covered

• volatile market
• CPI
• software stocks
• semiconductors
• AI hardware
• earnings
• geopolitics

Keywords

• CPI
• software weakness
• semiconductors
• AI
• earnings
• market volatility
• bank earnings

Mentioned in this episode

Organizations: Microsoft, Broadcom, Google, Anthropic, Intel, Qualcomm, FT, Bloomberg

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