Gartner analyst behind tech rout: AI returns are not yet large enough to justify neocloud build-out

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• AI stocks lead a rebound on Wall Street as European markets drop following protests - Boston News, Weather, Sports

  U.S. stocks were mixed on Monday, with AI stocks rebounding as the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, while most non-AI stocks fell and the Dow finished down 36 points, or 0.1%. European indexes slid more than 1% after violent protests in France that could push the government to increase spending and add pressure on bond markets. The 10-year Treasury yield rose to 5.14% from 5.09%, after topping 5.30% earlier this month, and Brent crude settled at $109.55, down 0.3%. Nvidia added 1.4%, SpaceX rose 1.3% to $147.96, and Cleveland-Cliffs jumped 16.3% on a bigger-than-expected quarterly profit, while CoreWeave swung sharply and closed down 0.4%.

  whdh.com·19/10, 22:00▲ NVDA▲ QQQ▲ SPY
• Tech companies need more data centers. So why are nearly half of all planned projects delayed or canceled?k991fm.com·19/10, 22:00▼ NVDA▼ AMZN▼ GOOGL▼ META
• AI stocks lead a rebound on Wall Street as European markets drop following protests – KTBB News, Weather, Talkktbb.com·19/10, 22:00▲ NVDA▲ QQQ▲ SPY
• Tech companies need more data centers . So why are nearly half of all planned projects delayed or canceled ?

  Demand for data centers is surging with the AI boom, but industry research finds that between 30% and 50% of the 16 gigawatts (GW) of U.S. data center capacity due online faces severe delays or cancellation. The bottleneck has shifted from chip shortages to industrial supply chains and grid capacity, and a single AI data center can consume as much electricity as 100,000 households. According to Sandstone Group, nearly half of planned U.S. data centers are behind schedule, while Allianz Research cites prolonged permitting, a shortage of roughly 439,000 skilled construction workers, and critical electrical equipment deficits. Oracle and OpenAI scrapped plans to expand the Abilene, Texas campus developed by Crusoe Energy from 1.2 GW to 2.0 GW after prolonged talks stalled over financing and utility infrastructure timelines. In markets such as Northern Virginia, Phoenix and Dallas, wait times to clear grid interconnection queues now routinely run four to seven years.

  buffaloreflex.com·19/10, 21:45▼ NVDA▼ AMZN▼ GOOGL▼ META
• Tech companies need more data centers . So why are nearly half of all planned projects delayed or canceled ?hits973.com·19/10, 21:45▼ NVDA• AMZN• GOOGL• META
• Is Broadcom Stock Cheap Enough Yet?

  Broadcom (AVGO) closed at $328.75 on October 16, 2026, 31.5% below its highest close of the past year, and shareholders lost 5.7% over twelve months while the S&P 500 returned 16.2%. The price-to-earnings multiple fell to 43.7 a year after 82.1 at the end of September 2025, as diluted EPS doubled from $3.92 to $7.83, yet it remains higher than at 19 of 35 earlier quarter ends since late 2017. The operating margin reached 48.5% over the twelve months to August 2, 2026, the highest at any quarter end since late 2016. AI semiconductor revenue was $16.7 billion in fiscal Q3 2026, 56% of total revenue, and management guided fiscal Q4 revenue to $34.8 billion, up 93%, while analysts expect about $35.6 billion. Management said supply is secured to roughly double AI revenue to about $115 billion in fiscal 2027, but land, power, and shell for data centers remain a major concern.

  Yahoo Finance·19/10, 12:55Broadcomsemiconductorsvaluation

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• Billionaire David Tepper’s Appaloosa Management Has 31% of its portfolio Invested in These 2 Artificial Intelligence (AI) Stocks

  David Tepper's Appaloosa Management has about 31% of its public equity portfolio in Micron Technology and Amazon. Micron's fiscal Q4 2026 revenue soared 379% to $54.2 billion, with a non-GAAP gross margin of 87%, but Appaloosa cut its stake by about 41% in Q2, leaving it at 15.06% of the portfolio. Some projections suggest the memory chip shortage could last at least through 2028, while Micron trades at just 7x forward earnings versus an average of 19.7x for information technology stocks. Amazon is Appaloosa's largest holding at almost 16% of the portfolio, and the fund increased its stake by about 15.7% in Q2. Amazon's Q2 revenue rose 20% to $200.6 billion, with AWS net sales of $42.2 billion (up 37%), and capex guidance was raised to $220 billion from $200 billion.

  Yahoo Finance·19/10, 22:04
• GPIX Out-Yielded JEPI and Returned 17.37% to Its 9.33%. JEPI Is Still 9.5 Times Bigger

  The Goldman Sachs S&P 500 Premium Income ETF (GPIX) returned about 17% with distributions reinvested from October 16, 2025 to October 16, 2026, nearly double the roughly 9% of the JPMorgan Equity Premium Income ETF (JEPI), even though their yields were close (8.3% vs 8%). The gap comes from structure: GPIX owns the S&P 500 at full index weight and writes calls on only part of its holdings, so it captures much of the rally, and it holds 6.5% in Apple versus 1.5% in JEPI. JEPI holds a lower-volatility basket of large caps and earns option income through equity-linked notes issued by several banks, which caps its upside and adds counterparty risk. JEPI is still much larger, with $45 billion in net assets versus GPIX's $4.7 billion as of its June 30, 2026 filing. Option premiums and monthly payouts for both funds vary with volatility, so neither yield is guaranteed.

  Yahoo Finance·19/10, 22:03
• If you thought Rachel Reeves was bad , wait until next week - Kemi Badenoch warns

  Conservative leader Kemi Badenoch will warn that John Healey's first Budget next week could do more damage than Rachel Reeves' two previous £70 billion tax rises, accusing Labour of relying on “fictional” spending cuts to hide the fiscal crisis. She notes UK 30-year gilt yields have surged above 6%, their highest since 1998, leaving Britain paying more than 1 percentage point above Greece or Spain and nearly two points above Germany to borrow. She also criticises IMF praise for deficit reduction based on spending cuts, which the Institute for Fiscal Studies has called a “work of fiction”, leaving a £35 billion black hole in departmental budgets. Badenoch says Labour has raised public spending by over £100 billion in just over two years, while the Conservatives have identified £70 billion in concrete savings. A Labour spokesperson rejected the criticism, citing £500 billion of private investment secured and growth faster than expected.

  aol.co.uk·19/10, 22:00• GBP/USD
• Federal deficit last year was largest since pandemic and voters are noticing

  New Treasury Department data show interest alone cost the federal government more than $1 trillion last fiscal year, or about $3 billion per day. The federal deficit reached $2 trillion in fiscal year 2026, its highest since 2021 and more than 6% of GDP. Treasury Secretary Scott Bessent blamed tariff refunds, the Iran war and high interest rates, while still betting on economic growth to lower the deficit-to-GDP ratio. Many experts, including Brett Loper of the Peter G. Peterson Foundation, argue growth alone won't be enough as the retiree population grows and the workforce shrinks. A poll cited by the foundation found 92% of voters worry the debt is driving up inflation, while Social Security and Medicare are projected to become insolvent in 2032 and 2033.

  wsbt.com·19/10, 22:00▼ DXY▲ XAU/USD
• Tech Stocks Power S&P 500 and NASDAQ Higher

  Global equities closed mixed on Monday, as a strong tech-driven rally on Wall Street contrasted with broad declines in Europe and uneven moves in Asia-Pacific. The S&P 500 rose 31.29 points, or 0.41%, to 7,690.73, and the Nasdaq Composite surged 290.85 points, or 1.11%, to 26,430.89, while the Dow Jones Industrial Average slipped 36.38 points, or 0.07%, to 51,966.03. In Europe, the FTSE 100 fell 1.08% to 10,764.69, the DAX dropped 1.18% to 25,319.77, and the CAC 40 lost 1.11% to 7,868.05. In Asia, the Hang Seng gained 0.52% to 24,186.83, and the Kospi jumped 1.76% to 5,768.01.

  nigeriasun.com·19/10, 22:00▲ QQQ▲ SPY
• Federal deficit last year was largest since pandemic and voters are noticing

  New Treasury Department data show interest alone cost the federal government more than $1 trillion last fiscal year, or about $3 billion per day. The federal deficit reached $2 trillion in fiscal year 2026, its highest since 2021 and more than 6% of GDP. Treasury Secretary Scott Bessent blamed tariff refunds, the Iran war and high interest rates, while still betting on economic growth to lower the deficit-to-GDP ratio. Many experts, including Brett Loper of the Peter G. Peterson Foundation, argue growth alone won't be enough as the retiree population grows and the workforce shrinks. A poll cited by the foundation found 92% of voters worry the debt is driving up inflation, while Social Security and Medicare are projected to become insolvent in 2032 and 2033.

  kpic.com·19/10, 22:00▼ DXY▲ XAU/USD