Has AI gotten too big to fail?
Big Tech companies have enjoyed favorable tax benefits at both the national and statewide level for their AI projects.
A report suggests policymakers prepare for a potential AI valuation correction by acquiring and repurposing distressed energy infrastructure assets.
MarketWatch 13 November 2025
https://www.marketwatch.com/story/has-ai-gotten-too-big-to-fail-how-the-u-s-government-is-backstopping-the-tech-boom-a2523dff
AI-bolaget Anysphere har stängt en ny jätterunda på nästan 22 miljarder kronor. Företaget ligger bakom det uppmärksammade programmeringsverktyget Cursor som redigerar, skriver och granskar kod. Bolaget får nu en värdering på motsvarande 275 miljarder kronor.
Låter 275 miljarder som en hög siffra? Det är ingenting jämfört med de nästan 500 miljarder som Mira Muratis startup Thinking Machines sägs värderas till i en pågående finansieringsrunda, enligt Bloombergs källor.
Verktyget ska göra det enklare för kunderna att anpassa stora språkmodeller för eget bruk.
SvD 14 november 2025
https://www.svd.se/a/mP7lPp/cursor-varderas-till-275-miljarder
BBC, Trump och Karin Ekman på SvT
New York-börserna på torsdagen stängde nära dagslägsta.
Den största nedgången sedan den 10 oktober
Kristersson KU-anmäls efter Landerholmaffären
Rättegång mot Landerholm hålls efter valet
Viss återhämning i New York
Amazon, JP Morgan och Visa var främsta sänken i storbolagsindexet, medan Nvidia, Microsoft och Micron stod för dragkraften i Nasdaq
Den amerikanska oron för att en tidigare emotsedd räntesänkning i december är i fara, på fredagen fortsatte mönstret i Asien och Europa.
How markets could topple the global economy
If America’s stockmarket crashes, it will be one of the most predicted financial implosions in history.
Everyone from bank bosses to the IMF has warned about the stratospheric valuations of America’s tech companies.
Central bankers are bracing for financial trouble; investors who made their names betting against subprime mortgage bonds in 2007-09 have resurfaced for another “big short”.
At any sign of a wobble, such as a recent slight weekly fall in the NASDAQ index of tech stocks, speculation mounts that the market is on the precipice.
Yet although a market crash would surprise almost nobody, few have thought about its consequences. That is partly because the chances of a big fall in stockmarkets bringing about a broad financial crisis are, for now, slim.
The Economist 13 November 2025
How Long Will Traders Keep Buying the Dip in AI?
As Yankee great Yogi Berra allegedly said: It's like déjà vu all over again.
Stocks on Friday clawed back from steep declines and then some in yet another apparent example of dip-buyers snapping up richly valued AI shares after momentary blips.
“At some point, they won’t come back," said David Bahnsen, chief investment officer for The Bahnsen Group.
"I don’t know that this is the moment," he added. "But I do know the moment is overdue and inevitable."
WSJ 14 November 2025
Min spådom: Frida Bratt, Klas Eklund och Maria Landeborn kommer att mana till lugn och besinning och, framförallt, uppmana oss att inte lösa in våra fondandelar.
https://englundmacro.blogspot.com/2025/11/manga-ar-mer-ai-exponerade-de-tror.html
RE: Med rotation menas att man inte caschar in utan köper andra aktier eller fonder, till marknadsaktörernas båtnad.
Experterna ser ingen entydig förklaring och tror att det finns chans för fler rekord.
Highly-leveraged ETFs are back to haunt the stock market
Important factor behind Thursday’s selloff, which McElligott blamed on increasingly popular leveraged exchanged traded funds (ETFs),
designed to amplify daily performance of market indexes, a risky trade if markets end up selling off.
He said investors are starting to understand that those are a “massive force in the current market structure.”
Nomura’s cross-asset strategist Charlie McElligott; his chart shows how assets under management for those ETFs have exploded in the last year or so:
Barbara Kollmeyer MarketWatch Nov. 14, 2025
The three largest single-stock funds give holders leveraged exposure to Nvidia, Tesla and MicroStrategy—a trio of stocks popular with the day-trading crowd.
American retail investors keep buying the dip.
They have poured more money into US stocks every day (but one) since prices peaked late last month.
Often, they are using the most aggressive vehicles available, such as leveraged ETFs.
Ruchir Sharma Financial Times 24 March 2025
The most common type of leveraged fund offers to double the return of a reference asset on a daily basis. So a 2x leveraged ETF tracking Tesla shares would rise 10% on a day the stock climbs 5%.
But the same fund also amplifies losses
Om strategerna får rätt kommer Stockholmsbörsen, som redan handlas på rekordnivåer, att få uppleva ett tvåsiffrigt rally 2026.
Dock tror experterna att det vi ser nu på Stockholmsbörsen bara är början på ett bredare marknadsrally.
Enligt Maria Landeborn, som uttalar sig för Placera, börjar det ta fart på konjunkturkänsliga delar av marknaden vilket hon förklarar gynnar de svensk indexen med stora verkstadsbolag och banker i täten.
DPS 14 november 2025
https://www.dagensps.se/bors-finans/aktier/strateger-spar-rally-pa-stockholmsborsen-bra-grogrund/
These are bad times to be a bear on Wall Street
Buy the dip
https://englundmacro.blogspot.com/2025/02/buy-dip.html
Dagen innan
https://englundmacro.blogspot.com/2025/11/wall-street-13-november-2025.html
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