Markets don’t close on Liquid. Here’s your Sunday update.
Buyers are picking through the wreckage of Friday’s tech selloff with over 80 percent of stock and ETF contracts tracked on Liquid are above Friday’s close. The recovery stretches across memory chips, AI infrastructure and crypto-linked names, although the weekend gains recover only part of the damage.
Memory is one of the clearest pockets of strength. $MU is up 2.23%, while the memory-focused $DRAM ETF has gained 2.20%. $SNDK, $WDC and $STX are all more than 1% higher. Optical networking names are participating too, with $LITE and $AAOI both above Friday’s closes.
The rebound extends beyond memory. $AMD is up 1.52% and $MRVL has gained 1.22%, while $GOOGL is 1.37% higher. But the biggest names aren’t moving together: $NVDA is only marginally positive, while $AAPL remains slightly lower.
Neoclouds are also finding buyers. $NBIS is up 1.73% and $IREN has gained 1.62%, with $CRWV following at +0.80%. The sector is participating in the recovery, even as the debate over AI spending, financing costs and future returns remains unresolved.
Crypto-linked equities are getting support from Bitcoin’s move back above $78,000. $MSTR is up 3.12%, followed by $COIN at +2.26%. $BMNR and $CRCL are also higher, although $PURR is bucking the move at −1.95%. The rebound comes as Binance resumes withdrawals after the hack, but confidence is still being tested: Reuters reports more than $3.5 billion in net outflows on Sunday.
Anthropic’s is rising as the company is now at an implied valuation of $1.804 trillion, up 4.35% from Friday’s close. OpenAI remains down 2.27%, against a backdrop of reports that the company has cut its fundraising target by $10 billion.
Geopolitics remains a major variable. Iran and Qatari mediators continued talks Sunday, while Trump has said there will be no new US attacks before Tuesday’s midterm elections. That diplomatic breathing room appears to be helping sentiment, with WTI down 1.38% against Friday’s settlement. But there is no final agreement, and the prospect of renewed strikes after the vote remains unresolved.
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