Michael Burry tweeted that Anthropic is eating Palantir's lunch, causing Palantir shares to drop over 8% the next day. Burry cited three sets of data comparing growth rates and renewed his criticism of Palantir's low-margin FDE consulting model.
Bitcoin plunged below $63,000 on Thursday, down over 10% in 24 hours, its steepest one-day drawdown since the FTX meltdown in November 2022. Liquidity drought and correlated selloffs in precious metals and equities amplified the rout.
BitMEX co-founder Arthur Hayes declares the bull market is back, calling $90K the explosive trigger for Bitcoin to reclaim the $126K peak. He cites AI capex shift to credit creation and war-driven inflation as dual catalysts, while revealing Maelstrom's heavy HYPE and ZEC positions, with NEAR as the next pick.
Bitcoin rose above $71,500 as easing concerns over an oil supply shock lifted risk sentiment, pushing crypto assets and related stocks higher across markets.
Bitcoin jumped above $72,000 after renewed optimism over Middle East ceasefire talks, outperforming major cryptocurrencies and further diverging from software stocks.
BitMEX co-founder Arthur Hayes declares the bull market is back, projecting Bitcoin has bottomed at $60,000 and will explosively break $90,000 en route to $126,000, driven by AI capex and war-driven inflation.
Andreessen Horowitz’s latest market note argues that the current reset in software is not a blanket collapse but a sorting process, with investors rewarding companies seen as having stronger AI defenses or tailwinds and punishing others. The piece says valuation multiples on next-twelve-month free cash flow for software companies have fallen to or below 2014 levels, reflecting skepticism about long-term durability rather than near-term results. The note also pushes back on the idea that AI is already destroying entry-level work. Citing data discussed in the report, software developer job postings have risen about 14.6% since the release of Claude Code, even as the broader market fell about 7%. It also points to Revelio, Ramp, ADP, OpenRouter, YipitData, PNC Bank, Indeed Hiring Lab, Lawrence Berkeley National Laboratory, The Brattle Group and EIA data to argue that cheaper intelligence is expanding demand, that firms with heavier AI adoption have seen stronger entry-level hiring trends, and that states adding more data center load have not necessarily seen higher electricity prices. Across software equities, labor, token consumption and energy, the article’s central claim is consistent: lower AI costs are broadening usage, and current labor-market data does not support the view that AI is making human workers obsolete.
Tom Lee said AI downstream assets are strengthening as stocks tied to AI bottlenecks undergo a correction. He named SMH, DRAM, MAGS and IGV among the relevant assets, and also pointed to ETHA and Ethereum’s ETH as part of the AI downstream theme. Lee added that over the past month, Ethereum has outperformed DRAM by about 5,500 basis points, or 55%. The remarks frame Ethereum alongside a broader set of assets that Lee sees benefiting as leadership shifts within the AI trade. No additional timeframe beyond the past month, or further performance figures for the other named assets, were provided in the source.
