We are not out of the woods. The reasons for the plunge last week is still there. High CAPEX and cash drain. Astronomical finance cost, negative cash conversions (for most of the AI stocks).
The only thing that changed is due to one Quarterly results announcement from CRWV which sounded positive but needs careful reasing between the lines. Fact for CRWV is they are still needing fundings. But the CFO is now saying their funding costs is at a "lower" 7+%!!! 7+% is positive? Nuts.
Expect the unexpected. Study the numbers but always expect the market to act purely on emotions. But when things settle down, the water finds the real level.
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