The rally was still accelerating at midday, testing whether the market had overreacted to CoreWeave’s debt fears
The Nasdaq rose 2.00%. CoreWeave said its parent company would need to raise no more than $5 billion by the end of 2027, and it had also sidestepped high-risk debt. Money that had feared the debt came back first: the stock jumped 26% to $61.40, lifting SanDisk 17.1% and Nebius 17.8%.
Money spread from the new cloud sector into storage and optical interconnects. Bitcoin was still at $74,171; its intraday high of $74,474 fell short of the $74,844 trigger. Last night’s idea that money was bypassing crypto got tested once again. I won’t chase it for now; I’ll watch the close. The move only counts as follow-through if the Nasdaq holds and Bitcoin gets back above $74,844. If it breaks below $72,752 first, then this surge is still just the stock market doing its own thing.
The Nasdaq rose 2.00%. CoreWeave said its parent company would need to raise no more than $5 billion by the end of 2027, and it had also sidestepped high-risk debt. Money that had feared the debt came back first: the stock jumped 26% to $61.40, lifting SanDisk 17.1% and Nebius 17.8%.
Money spread from the new cloud sector into storage and optical interconnects. Bitcoin was still at $74,171; its intraday high of $74,474 fell short of the $74,844 trigger. Last night’s idea that money was bypassing crypto got tested once again. I won’t chase it for now; I’ll watch the close. The move only counts as follow-through if the Nasdaq holds and Bitcoin gets back above $74,844. If it breaks below $72,752 first, then this surge is still just the stock market doing its own thing.