Veterans Day, But Market Bulls Aren’t Resting 11/11/2025

HOT stories for today

Market wrap:

• U.S. equities advanced broadly on Monday as investors bet that Washington is moving closer to resolving the record-length government shutdown. The Nasdaq Composite posted its strongest session since late May, climbing about 2.3%, with traders rotating back into large-cap artificial intelligence names after last week’s pullback. The shutdown appears poised to conclude this week, pending a House vote on the Senate-backed funding bill and President Donald Trump’s signature. A reopening would restore the flow of federal economic data, giving the Federal Reserve clearer visibility heading into its December policy meeting. 
• AI-linked shares led the rebound. Nvidia surged 5.8%, accounting for more than a quarter of the S&P 500’s gain. Alphabet advanced 4%, while Microsoft rose 1.9%, snapping an eight-session slide. Meanwhile, CoreWeave topped earnings expectations, though delays in data-center expansion pressured the stock. European equity futures pointed higher as momentum from the U.S. session carried overseas. In commodities, precious metals extended recent gains. Bitcoin attempted to stabilize after sliding below $100,000 last week. It is Veterans Day in the U.S., but equity markets remain open.

Burry Flags AI Accounting Risks as Spending Surges

• Michael Burry is renewing skepticism around the AI trade, alleging that major hyperscalers are extending the assumed lifespans of data-center hardware to reduce depreciation costs and inflate earnings. He singled out Oracle, Meta, Microsoft, and others, saying he’ll provide detailed evidence on November 25. The comments arrive as others warn of potential strain in the data-center buildout. Jim Cramer pointed to early “cracks” in the market. At the same time, Bank of America said the sector may be nearing a “cash crunch,” noting roughly $75 billion in recent borrowing for AI infrastructure, nearly double typical levels.
• Despite the caution, AI-linked equities continue to climb, supported by easing yields and expectations that the U.S. government shutdown will soon end. The sustainability of current capex levels remains the key debate as investors await more disclosures later this month.

Stocks on the move:

• Paramount Skydance (PARA) advanced over 5% after saying it will pursue another $1 billion in cost cuts, on top of the $2 billion outlined at its August merger. The company also announced fresh layoffs and plans to raise Paramount+ prices in early 2026.
• Rocket Lab (RKLB) gained about 7% after reporting a quarterly loss of $0.03 per share, narrower than last year’s $0.10 and better than estimates, revenue of $155 million topped forecasts.
• MP Materials (MP) advanced about 3% after Deutsche Bank upgraded the rare earth producer to buy from hold, citing the stock as an attractive entry point for investors seeking exposure to the critical materials sector.
• Palantir (PLTR) rose around 3%. The defense and data analytics company is attempting to recover following an 11% decline last week amid broader weakness in AI-linked equities.

Watchlist: RKLB, CRWV, ASTS, MP, PLTR, NVDA, AMD, AMZN, GOOGL, SE

Key Economic Events Today:

EST time

06:00 am: USD NFIB Small Business Index
10:25 am: USD FOMC Member Barr Speaks


Earnings

BMO (Before Market Open): SE Limited (SE), Nebius Group (NBIS)
AMC (After Market Close): Oklo Onc. (OKLO), Amdox Limited (DOX)



The TEFS Analyst team wishes you a successful day!